As it was mentioned in the previous technical analysis of this currency pair dated 2014.03.17, according to the formed signs, there was a potential for ascending of price which finally happened. Buyers were successful in reaching to the highest price of 1.07382 and after that the price has started to decrease. Currently price in H4 and H1 time frames is under 5-day moving average that shows descending of price during the net candles.
As it is obvious in the picture below, price has been stopped from more ascending with reaching to the Down Trendline made of several resistance points (buyers leave their trades) and with creating the top price of 1.07382, the field has been prepared for descending.
As it was mentioned in the previous technical analysis of this currency, in long period of time there is good potential for growth of price but According to the current situation there is not any clear reason about ascending of price in H4 and Daily time frames. The least sign for ascending of price is formation of a bottom price and recording of it in H4 time frame.