During Asian trading the pair passed to the downside the 1.4970 zone and reached almost 1.4900 before rebounding to the upside strongly, suggesting we could probably see more bullish corrections. However, take a look at the following chart: we have 3 recent maximums @ 1.5090, and the pair is having some hard time to break clearly above, and more, we have that big descendant trend line at 1.5130 that could contain the upside correction at least in the short term. A 4 hours or better daily candle opening above it, could send the pair first, to the zone @ 1.5160/80 but better to 1.5280 zone, a more strong resistance zone. If the pair pass under 1.5030/40 zone, 1.4970 will be exposed, with next supports at 1.4910, and 1.4840 then.
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