On the H1 chart the descending trend was formed, it got stuck into the lower line of the channel and slowed down its movement. Such a movement can be a proof of the turning tendency of the trend, that is a good sign to open long positions.
Main movement
The movement of the pair would be targeted at the 0.87394 and 0.87959 levels. These lines can be an impulse to a new lasting trend, but at the same time one should not ignore strong resistance at the 0.86701 and 0.87002 levels, that can slow down the movement of the impulse. In order to gain profit, one should buy from the 0.86400 level.
Alternative movement
If the currency pair breaks through the 0.86300 level and gets fixed below it, then the further descending movement targeted at 0,85400 should be considered. One should pay attention to the fact, that there is a strong 0.86061 support level. Testing of the current level may take more time and provide traders with an opportunity to add short positions.
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