• Traders remain short at 1.0625 for 1.0335 objective, 2003 low
  
  
• Trailing stop lowered to 1.0600
  
  
• Overall bias is for losses to 1.0072
  
  
• 1.0072 - 76.4% retrace of the 0.8228 to 1.6040, 2000 to 2008 rise
  
  
• 14-month momentum looks negative