Short scenario

I would not rule out a pop back up until it reaches 1.475 where there is a 50 MA on the daily.
We could have a tap under this MA.
This could be a great reaction point for those trading short term and looking for a short reaction.

Sometimes we only see a 20-30 pips reaction then continuation the next day.
However some folks can be happy with 30 pips, especially if they trade big.