In the 4 hours chart, however, the price is still below a bearish 20 SMA, while the technical indicators are barely bouncing from oversold levels, suggesting the upside will remain limited as long as the price remains below 1.0810. Also, given that we are trading below the range of 1.10819/1.0796 which was the May low, the July low, the 7th December lows, 1.0523 recent lows are in sight on further downside.