Price made a sharp run up in aug-13 to feb-14 from a multiyear consolidation after the long bear run 2004- 2010. In March 2014 price made a clean bullish kumobreak (Not bearish as written in the chart) but has since produced sideways action in a Flag pattern with slightly descending PA. On Monthly close basis 0,7780 is the critical level since with a close above, price would avoid to enter the kumocloud on monthly tf and maintain bullish prospects and the bullish trend. On weekly tf trend is neutral.On lower tf trend is bearish but price is trying to break above the descending trendline, and the triangle pattern. We might se a run towards monthly resistance if a break appears.