As it was expected through yesterday analysis, the pair rose supported by the formed
bottom at the support level 1.6105 and by the existence of a positive divergence that shifts
the bearish direction, the pair broke the resistance level 1.6185 and also broke the top
border of the bearish tending to rise correctly targeting the level 1.6425 which represents
the target of breaking out of the bearish channel and also represents 50.0% of Fibonacci's
correction level for the bearish direction (from 1.6745 to 1.6105). In order to reach this level
the pair should break the resistance levels 1.6290 and 1.6349.
The stability of these expectations requires the stability of the support level 1.6185 and also
requires holding the top border of the bearish channel steady.
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