From tehcnical perpective, the drop from 1.3993 is too steep not to be retraced @ least 50%. Look @ the and see for yourself. All the agressive drops have been retraced since we started this ride from 1.20.
All in all - I remain until proven wrong and I will not rest until 1.40 is reached. And it will be reached.
So, what I am trying to say is that the market will decide in the end, where ones value should be. Supply and Demand.