A slight loss of bearish momentum but risk to the 1.1976 cloud base remains

We have a counter bias long for 1.2220 with a tight stop under 1.2000

Potential for an inverse head and shoulders gives bulls hope

Converged 30-100DMAs are at 1.1999 with a 1.2008 pivot point ahead

A 76.4% Fibo at 1.2003, off 1.1952-1.2169 joins the 1.20 supports

A move back over 1.2100 needed to damage the bear run, 1.2105 Wed high

Weekly action hints at a bearish continuation: sideways bias currently

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