Short-term technical resistance at 1.6650 (trendline and 61.8% retracement) held perfectly yesterday which suggests that there could be more downside ahead.
The strong medium-term up-trend is still in play and I’d expect support near 1.6400 to be very solid.
Looks like a perfect set-up for some extended range trading. The market is currently at 1.6535 so I’d only get interested if it moves 100 pips either way.