FXstreet.com (Barcelona) - While indicators are pointing for some upside correction, the pair remains still attempting to fall. Not enough strength to beat the 1.4600 level in recent attempt has been contained by the 20 SMA that remains pointing to the downside.

The pair has strongly rebound 3 times around 1.4512, so clear break under that support, will deny any further upside correction and turn the pair bearish for the rest of the day, said Valeria Bednarik, collaborator at FXstreet.com.