This pair’s indicators appear to be revealing an upward corrective signal. The 8 hour chart Stochastic (slow) show impending and fresh bullish crosses, respectively, which highlights the impending upward movement of this pair. The Relative Strength Index also show that the price of this cross currently floats in the oversold territory, supporting the notion that forex traders may wish to go long on this pair today to catch the impending corrective swing from the bearish spike experienced these past several days.