• 21 HMA at 1.0940 weighs on recovery attempts by EUR/USD 
  
  
• The average has provided a rough cap on hourly charts since fall Friday
  
  
• Initial downside target is the base of the cloud at 1.0738
  
  
• 1.0885 was the Euopean AM low. 1.0882 is 61.8% fibo retrace
  
  
• 1.0882 = 61.8% of 1.0521 - 1.1468 rise