[B]Bias: [/B]I suspect a direct pullback is due from the 1.4777 peak
The 1.4777 high has held and with the bearish divergence I feel we shall see a reasonable correction. First support is at 1.4630 and this should hold on first test. However, while the 1.4700-20 area caps look for a reversal back lower that should then penetrate 1.4630 and trigger losses back to 1.4550-60 and 1.4500 at least. Note next support around the 1.4420-50 area.
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