The pair has successfully broken the bullish channel extending from 1.5779 now targeting 1.6100 - 1.6120.
Yesterdays candlestick failed to reach the support 1.6120 with a long lower tail meaning there's a strong support around this level.
Area 1.6100 - 1.6120 may be good for buying with small lot size and SL is its break and closure of 1H candlestick below it.
Break of this support level opens the way for 1.6000 then 1.5900.
It's important to mention that we have a broken downtrend line , up trend line & strong support at around 1.5900.
Important:
The market is waiting for important news & announcements today which may cause violent unexpected moves.
Also we are about to have a weekly closure for a long holiday as Monday is a holiday for the US and CAD banks.
