With a temporary base now looking to form now at the 200-day MA around 1.3085, and with the shorter term MAs turning bullish, the liklihood now is that we see a deeper retracement of the 1.4280/1.2970 fall. The obvious targets are the 50% at 1.3625 and the 61.8% at 1.3780, which is also a previous daily high.