If it breaks 1.62 should act as support afterwards?(should have a stop run below 1.63 on retest to weed folks out I presume).
Last 20 years avg. atr(14) on monthly is 800 , while last 3 years is <400, so position size accordingly. If risking a long, don't stop till 1.7 for 1st stage imho.
fundamentally: taper, s&p implosion incoming, bad omens and whatever ;)
ps - right, and Carney leaving a super bubble behind; but, now that he's at BoE, hmm... guess he'll have to leave before the new bubble bursts too, so close when Carney leaves BoE :p