The ascending move went into rest phase early as the pair only recorded 1.6437 as the high for yesterday.
The Daily candlestick closed as the Dark Cloud Candlestick pattern.
The bullish view is still intact unless we see a daily closure below 1.6270 as it's an important support for the bulls.
The downside move stopped at around 1.6310.
which is the upper limit of previous congestion zone broken to the upside before.
Also it's 38.2% Fibonatcci Level of the last bullish move.
So the area 1.6310-1.6270 is considered a good support for the pair and we need not to see candlestick closures below it.
Break of this area opens the way down to 1.6170 then 1.6100 on the short term.
Based on the previous analysis:
You can buy near the support area with TP at 1.6470 -1.6540 & SL break of 1.6270.
