The pair is still in the bearish channel now testing the lower limit and the marked support level .
Yesterday , the pair witnessed strong selling pressure which pushed it down to 1.5950 .
This level is a strong support as shown in the chart .
On the 4H chart , the pair is in a short-term bearish channel .
Yesterday we notice the clear rejection of the price at levels 1.5970-1.5940 manifested as Hummer + Bullush Engulfing candlesticks
It's important to notice that this level is the lower limit of the channel + strong support shown on the Daily chart .
Trade Recommendations :
BUY the pair at current price with TP at 1.6100 then 1.6160
SL 4H closure below 1.5930
