The pair just rebounded at the 1.3470 support, after falling 60 pips in 60 minutes. The price is clearing the lower band of Bollinger, indicating a possible correction to the middle band, while the 14 days RSI is clearly oversold. If the trend is bullish, the next resistance is at 1.3496, while traders focus on the 1.3440 support. On the four hours chart, the Parabolic SAR shows selling signs, while the Ichimoku cloud confirms the bearish trend of the pair. If we observe the MFI, the pair is oversold.

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