Hello Instaforex Traders ,
Level 1.6300 - 1.6280 provided a good support of the price that limited the downside movement of the pair .
Also we see a strong bullish pice action at this level indicating strength of the bulls at this area .
Now the price is testing the lower limit of the bullish channel indicating reverse to the upside .
This gives the signal to go long with targets at 1.6430 then 1.6480 .
SL for this position should be 4H closure below 1.6300 - 1.6280 .
