Intraday bias remains mildly on the upside at this point. Pullback from 1.4298 could have completed after failing to sustain below 38.2% retracement of 1.3480 to 1.4298 at 1.3986. Further rally should be seen to retest 1.4298 high. For now, risk will stay on the upside as long as 1.3928 support holds, in case of retreat.
In the bigger picture, current development argues that corrective rebound from 1.3480 has completed at 1.4298 after hitting 61.8% retracement of 1.4791 (2025 high) to 1.3480 at 1.4290. Sustained break of 55 W EMA (now at 1.3929) will solidify this case. That would in turn indicate that fall from 1.4791 might be ready to resume. Retest of 1.3480 low should be seen next. For now, risk will stay on the downside as long as 1.4298 holds.
