Last week’s analysis was very profitable and gave 350 pips profit. I wrote: “Demand couldn’t go back even for a moment above 1.4600. Further target for falls could be one of supports from 2010: 1.4400 or 1.4250”.

It is likely that today will be first upward session since a week, after a rebound from support at 1.4250. If rebound proves to be successful, price will move back to resistances at 1.4400 or 1.4600 levels. However if demand fail and declines continue next support will be at 1.4000 or even at historical low at 1.3500.

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