Despite rising to a 7-week high of 1.4292 yesterday in New York session, subsequent sharp retreat to 1.4187 confirms recent erratic upmove has made a temporary top there and choppy broad sideways trading is envisaged today.  
Expect 1.4220/30 to cap intra-day recovery and yield another decline, however, near term loss of momentum should keep price above previous good support area at 1.4055/62 and bring another rebound.