A rally target at 1.4046 remains valid, but with the futures grinding lower it has little practical value at the moment. An unpaused upthrust exceeding the two numbered peaks, the higher of which lies at 1.3793, would put bulls in charge again. Please note that there’s a minor Hidden Pivot resistance at 1.3778 above which — on a closing basis — the futures would become an odds-on bet to reach a minimum 1.3846.
