Having acumulated almost 4000 pips bearish in the last 4 months, the pair has found a bottom atl least today, around 1.6200 quoting right now at 1.6414, only above 1.6460 we could see a correction beginning, at least to the zone @ 1.6510 first, and finally to 1.6581, 48.2% of the last downleg measured in 4 hours charts. Under 1.6390, the bearish rally will be retriggered, and the pair will be searching for next supports at 1.6315, 1.6260,the zone around 1.6220 and finally 1.6180. REsistances on the other hand and if 1.6460 is broken, will be at 1.6510 and finally the zone around 1.6600.
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