The pair has found some support on top of its 20 moving average after a low at 1,4250.
The bullish trend is not yet in question as the current move is considered as corrective (38% of the rally started on July 12). However, the technical setup is not clear enough to allow a position at this moment.
We might see some consolidation going forward as the trading month is ending today combined with macro-economic uncertainties.
Provided by atf-forex-trading.com