In the big picture, the pair managed to break free and rebounded off the at the 144.00s this week. Currently, it climbed up to 146.00 and I am bullish beyond. In terms of downside that would be the 144.00 level to watch for any further extension lower.
![](http://www.dukascopy.com/imageserver/img/c8e503be0912385b81a17d8313e7b367/500_2/image.jpg)