• Retreat fm April's high affirmed by 10-DMA & cloud top by Wed's 133.94 high

• Nice rebound from the 133.00 low on EBS that pierced the 21-DMA at 133.23

• The low barely breached 38.2% of the March-April recovery at 133.04

• It also held above the 100-DMA at 132.93

• Cresting 10-DMA and falling cloud top may keep downward pressure on prices

• A sub-133 close would eye the cloud base & 50% Fibo/kijun at 132.56/39

• A daily range above the 10-DMA is needed to reduce the bearish bias

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