Trend Direction: Bullish.
Trend Reversal Level: 0.8600
Key Support Levels: 0.8760, 0.8740, 0.8700, 0.8650
Key Resistance Levels: 0.8800, 0.8850, 0.8900, 0.9000
Entry Strategy: Buying dips in an uptrend above trend reversal level.
Trade Suggestion: This pair broke of sited zone 0.8800 to 0.8850, where it failed to break above 0.8850 and finally broke below 0.8800, currently holding 0.8740 support level. Now it has moved to another tight range of 0.8800 to 0.8740, we need to break out of this zone to enter any potential trade. our recommendation is to go long on break of 0.8850 targeting 0.8900 & 0.9000 . It has strong resistance at 0.8800 to 0.8850 level. This pair is currently trading in a short trem bullish channel.
Alternate Suggestion: If we see a break below the trendline support at 0.8740 level, go short targeting 0.8700, 0.8650 followed by 0.8600.