If we see a swing down to these levels in LO, I believe we will rally to the previous swing high (and beyond).
Optimal entry was yesterday on the red line; I'm looking forward to a low risk re-entry today.
With the US Dollar continuing its bullish run I believe we will see the 1.5648 level seen again, only to be rejected and continue lower.
As it has done this previously and failed to take out the earlier low this will be a low risk entry, with only .5% risk. If the 1.5557 target is taken out we may see 1.5489 hit.