The analysis is self explanatory, price declines into the newly established OB
(1.55640-1.55480 and will make an attempt at stopping out stop losses above the 1.56765 level. This play seems to have a good probability as US treasury 10 year T note has double topped and might down for a bit, indicating that bond yields might rise and thus all currencies opposing the US.
Us treasury T note 10 year:
Government bond yields (Germany, UK, USA)