Steep two-day decline to 1.3725 and short-term bull run negated

We lean bearish but might look play the 1.3671-1.4010 range

Small bid early Thurs but bear risk remains despite adjustment risk

While below daily cloud base, 1.3773, risk to key 1.3671 Mar 25 low

May 5 cloud twist, 1.3884-1.3903, might slow further declines

Weekly chart shows 21WMA at 1.3671 too: pivotal level

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