No real change here. The pair has continued dribbling sideways in a narrow range before the ECB's policy meeting on Thursday. The down-trend is still dominant and intact and I expect it to resume.Ideally I would like to see a break below the long-tail hammer lows on the 4-hr chart at 1.1459 for confirmation of an extension down, with the next target at the S3 monthly pivot at 1.1309.