We have not traded above the 50 period EMA since the sell-off after the brief sucker rally last Wednesday. Thursday morning the short sellers and such punched us in the gut, took us below the 50 EMA on a 5 day 10 minute chart, and there hasn't been enough strength to get back above that and hold.
Right now, we need to break above 1.24 and HOLD, then gain steam.
(good financing news would do WONDERS !!)
JMHO