The pair is highly consolidated under the mid-term resistance 140.20-140.26 with full advantage of bulls. Thus even today we can get an upward break and strong impulse of distribution in direction 141.00-142.00.
Local structure is forming a corrective swing, which can be stopped at support levels 139.44 and 138.92. Buy signals formed at these levels will have big odds for execution.
Main scenario: Decline to 139.44, then growth in direction 141.00.
Alternative scenario: Deeper correction in direction 138.92, then upward reversal.
Longs from 139.44 and 138.92 to 141.00.