There is a band of resistance between 1.4120-1.4140 which so far has held. There was a downward break from a longer term pattern yesterday, and this is the likely pullback point after the breakout.

Targets to the downside are 1.4040, the recent swing low, followed by 1.4000 and 1.3960-1.3950.

A strong move up warns of a bear trap on the downside break from the longer term pattern. Resistance to the upside is at 1.4180 and 1.4250. A rose above this is unexpected and would likely result in a sharp rise higher over the coming days.

Forex Analysis by Cory Mitchell at ForexPros. com. For more details
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