There is downward pressure of course as we are trading below cloud resistance @ 1.0800. However, we got a strong support @ 1.0737 for now, and also we are slightly oversold. That provides me the believe we may be in BUYING mode, but carefully of course.
Strategy BUY @ 1.0745-1.0780 for a move back to 1.0978. Monitor cloud resistance as well for that. Stop-loss below 1.0678 (to be on safe side).