though pair is very bearish, we see how bullish pressure is rising after the market has reached 1.63 support level.
the market was trading inside a falling parallel channel and now we see a potential bullish breakout of this channel and formation of an inversed head and shoulders pattern.
I will be waiting for bullish violation of a neckline to buy the market.
my initial target will be around 1.68 and the second around 1.69