The daily is a perfect target for this trade around 1.5950. As it could act like a support, the pair could trigger a bounce on this level.
Stop loss: 1.6400 (Above top of the channel)
Take profit: 1.5950 (38.2 fibonacci)
Partial profit taken when price reach 23.8 fibonacci
Stop loss moved to break even when partial profit is taken
Stop loss moved to break even