-Bullish breakout above resistance, and 1.6580 horizontal resistance pushed for more gains
-Overall, the correctional wave that started from 1.6785 is still intact(series of lower highs unbroken)
-The price is facing resistance at 1.6660 level.
- Although we are in a short term breakout mode, short term trend remains . 1.6660 should be taken to signal potential extension to 1.6715.
- Some pin bars materialized below 1.6660 resistance, I would turn to the hourly chart to confirm a short, with targets at 1.6595 then 0.6565.
- If the rally extends above 1.6660 , i will be looking for short signals(pin bars) or lower time interval patterns( , pin bars .... etc) near 1.6715 . Targets for this scenario would be at 1.6660 then 1.6600.
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