• Long-term bear trend strengthens after new 7 year lows hit at 0.7340
  
  
• The 200 HMA, last at 0.7406, stalls recovery attempts on Thursday
  
  
• Short stop lowered to reduce risk on a break of 0.7348. Now at 0.7450
  
  
• Downside targets are at 0.7321 2008 low
  
  
• Then the long-term 61.8% of 0.5681 - 0.9805 at 0.7256