Oversold RSI on the hourly timeframe could lead to a sideways to mildly positive action, although pair is unlikely to take out/sustain above key resistance level of 1.1236 (38.2% of 1.0463-1.1714)-1.1240.
Watch out for a rejection at 1.1236-1.1240 followed by a break below 1.1196 (38.2% of 1.0517-1.1616) as that could trigger fresh selling towards 1.1150 area.