Yesterday's rally above 1.4283 (previous resistance, now support) due to dollar's selloff versus other European currencies signals the correction from last week's high at 1.4377 has ended earlier at 1.4200 and despite the retreat from 1.4407, upside bias remains for another rise towards this year's top at 1.4448.  
Below aforesaid support 1.4283 would signal a temporary top has been formed instead and risk subsequent correction to 1.4240/50 but 1.4200/05 support area should hold.