EUR/USD continues to consolidate after it failed under 1.0611 Fibo last week

It failed to close under 1.0611 Fibo on Tuesday, Wednesday and Friday

1.0611 Fibo is a 76.4% retrace of the 1.0448-1.1139 (Oct-Dec) EBS rise

Despite that failure, negative 14-day momentum keeps the bias bearish

The negative alignment of the tenkan and kijun lines also points to losses

EUR/USD Trader TGM2334. We are looking to get short at 1.0725

Speculators take biggest dollar stake since June 2019 nL2N3GU0HK