We remain short at 1.0500 with expectations of a bearish resumption

1.0563 Fibo, a 38.2% retrace of 1.0937-1.0332 Nov (EBS) drop, caps

14-day momentum remains negative, highlighting the bearish market structure

Expect an eventual relapse to probe November's 1.0332 low

Only a daily close above 1.0563 Fibo would shift the nr-term bias to upside

EUR/USD Trader TGM2334. Previous update nL2N3MX09W