Fibonacci Level 61.8% is still holding the price above as a support.
We have a congested area 1.4050-1.4450 representing the confusion of the market and the instability of the fundamental situation.
It's better to stay out of the market until we have a breakout of these levels.
Now we have a bullish channel being formed with the lower limit at 61.8% Fibonacci Level & previous buttoms (1.4140 - 1.4080) representing the last support for the pair on the short term.
Bouncing of this level opens the way to 1.4380.
Break & closure below 1.4060 opens the way to 1.3846.
