The pair is rebounding after hitting the 20 months low at 0.9977. Right now, it trades at 1.0082 with the next support at 1.007.The bands of Bollinger show a volatility of 80 pips in the hour, while the 14 days RSI is around the overbought area. On the four hours chart, the 50 days MA is over the Spot and the Bears are on negative ground, indicating a moment of short entry, while traders wait for the interception between the base and divergent averages to take positions.

/