The pair stopped falling in anticipation of the PPI publication in the US that may lead to a wave of USD sales.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is moving horizontally. Stoch have reversed upwards in the oversold territory.
Buy the pair against the backdrop of weak US data after it passes the level of 0.6965 with a local target of 0.7010.