With the respect for 1.4828-1.4844 resistance zone, the pair kept on its bearish bias and a strong decline overruled towards the support levels.
The pair rebounded from 1.4840 and moved downwards towards the green lower leg of the ascending channel somewhere near 61.8% fib of 1.4480-1.5062 wave.
A violation of the pair to the green ascending channel first then the brown one with a break for 1.4673 level will take the pair to 1.4480 support level and will finish the bullish bias of the pair for the medium term analysis.
A penetration for 1.4828-1.4844 resistance zone will change the bias into neutral and may encourage the pair to begin a new rise towards 1.4927 then 1.5062.
We must take into consideration that a hidden bullish divergence is possible as we have higher lows in price accompanied with lower lows in OSMA indicator and in RSI in accordance with its presence in the oversold
area

