Price rallied into the resistance level
at 1.5677 and then got rejected (point 1). Price has now fallen away from this level. If we break below this yellow support level
, I feel a drop down to 1.5000 is possible. HOWEVER, we are now trading above the centre line on the Stochastic
indicator which is a sign of bullishness.
So, trade small, use low leverage and keep your stops there.