Despite rally seems a bit overextended to the downside in the hourly chart, pair remains strongly bearish in bigger time frames, and I do expect that further falls will trigger some panic among investors, that will probably start unwinding bullish positions, triggering more downside movements. Under 1.4805 (better with a small upside pullback first, capped under 1.4860/80) pair should quickly approach to the 1.4740/50 area.
To the upside, rises will remain more limited unless stocks and gold recover the lost ground; above 1.4880 pair should extend the rally slightly up, to the 1.4920/40 area, but seems more limited; accelerations across mentioned points, meaning long quick spikes, will confirm the bias.
