Bear bias is holding and our long play is in trouble

Late Monday recovery did form a hammer candle (bullish)

However, a soft start Tuesday keeps downside risk alive

Squeeze point is up in the mid-1.24s and high 1.24s the turning point

Key support at Mon's 1.2299 2024 low

Fourteen day momentum confirming latest weakness but is stretched

We will maintain the long for now

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