After experiencing some bullish momentum before the holidays the pair is going through a mild bearish correction and is currently traded around the 1.3855 level. The hourly studies show that the current price has dropped beneath the Bollinger Band's lower border, suggesting that another bearish session is expected. Next target price might be 1.3799
The pair is continuing to provide mixed results with no specific direction. However, a bearish cross on the hourly chart's Slow Stochastic suggests that additional downwards correction might take place in the near future. Going short with tight stops might be the right strategy today.
The 4 hour chart is showing that the pair still does not have a distinct direction, as the chart appears to be quite horizontal for the past week. However, a bearish cross on the daily chart's Slow Stochastic implying that a possible next move might be a bearish one. Going short with very tight stops might be a good strategy today.
The pair continues to be traded in relatively tight range, and no distinct direction is being observed on the hourly and 4 hour chart's studies. The pair might continue to linger in neutral territory until a clearer signal will be formed. It is advised to stay out of this one until the smoke of uncertainty clears.