With markets quite choppy today and the market already very short of dollars, a bit of consolidation is to be expected.
Technicians will hope to engineer a close above the downtrend from the November highs and ideally above the 1.3787 session highs from Wednesday.
The broken trendline now provides support at the 1.3758 level. The near-term topside target is the early February high at 1.3863.
