Yesterday's rebound after trading above 1.4177 suggests the erratic decline from 1.4407 has formed a temporary low earlier this week and consolidation with upside bias is seen for gain towards 1.4340/45, however, a firm break there is needed to signal aforesaid fall has ended, bring eventual re-test of 1.4407.  
  
On the downside, below 1.4247/52 would defer this near term bullish scenario and risk another fall to 1.4192 (yesterday's low in New York session).