Scruffy: "If ECU doesn't respond, I'll tke it as continued near term bad sign."
Why would you think so?
I consider 0.49 - 0.53 as typical trade range for the last few days and an indication of nothing more than a continued beaten upon price. Yesterday's dip to 0.44 could have been construed as something but look at it today and it looks now as if nothing happened.

Until we rise above 0.58 and close above 0.56 I suggest that we are not moving enough to take serious notice.