FXstreet.com (Barcelona) - Despite intra-day weakness to 1.4169, current rebound suggests that bullishness remains for a rebound. Nicole Elliott, senior technical analyst at Mizuho Corporate Bank states that there is still a chance of a second pullback later this month and we remind that dips towards 1.3900 are seen as medium term buying opportunities for a rally later.

Under a more technical point of view, Elliot suggests that's should possibly attempt small longs at 1.4177 but be prepared to add to 1.4100; stop below 1.3980. Target 1.4240/1.4280.