The bearish direction is still dominating the price action of the pair for the short-term and the
intraday levels as the pair during yesterday trades succeeded to break the support level 1.4070 which the pair is re-testing it now forming a flag pattern that continues the direction.
So it is expected that the pair will continue declining during today's intraday trades targeting the support level 1.3970 as the first targets of this bullish move followed by the support level 1.3875 to test it and it is the final target of this pattern.
The stability of these expectations requires the stability of the resistance level 1.4140.
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