According to Carol Harmer, Chief Analyst and Founder at Charmer Charts: "We may well find a small amount of sellers waiting around 1.4440/45 area and they will try and drive us lower back through 1.4385 to 1.4325 area."
She expands: "Around 1.4385/1.4325 zone, buyers will be waiting thus sellers are advised to cover all shorts to here. We would expect this lower support level to hold and for buyers to come back into the market and try and hold this up."
The British Analyst concludes: "Now as stated you have resistance at 1.4445/57. If then we break above 1.4460 we are expected to rise further with 1.4540/55 then the targeted area."