FXstreet.com (Barcelona) - The pair continues its upside correction after rebounding in a 4 hours ascendant trend line coming from 1.3653, past March 11st low, past Monday American session.

Momentum continues firming up supported also by an ascending RSI, said Valeria Bednarik, collaborator at FXstreet.com. 20 SMA is turning to the upside, supporting further upside in the hourly chart, due to the oversold state the pair has in bigger ones.