The daily candlestick closed as -Long Leg Doji.
This indicates confusion of the market after re-visiting the support level 1.6265.
The pair is making higher highs with lower lows giving the marked chart pattern.
The pair is having strong bearish pressure to decline and not to exceed 1.6472, the weekly high to target 1.6150 then 1.6060.
The pair is facing strong support level 1.6220-1.6260 which is unable to break till now.
This support level is the key level of this week as its break,the pair will target 1.6150 directly but its solidity brings the pair again up to 1.6330 -1.6370.
Based on the previous analysis:
BUYING scenario,Watch 1.6230-1.6200 for long entry with any reversal candles on the 1H or 4H charts with TP 1.6300 then 1.6370.
SELLING scenario,The key level is 1.6220 if broken directly with 4H candlestick, this gives the short entry with TP at 1.6150 then 1.6060.
SL for both scenarios is activation of the other one.
