Having fallen from 1.5150 to 1.4215 this market had a perfect replacement of 38.2% to 1.4570 before continuing their fall. A new break below 1.4215 will confirm the downtrend. This would also have a clear break from the 200-day MA at 1.4280 which is another sell signal. A rise above 1.4570 will relieve the pressure drop.