As per my previous post the pair went as predicted and reached an exhaustion or very close to it.
I have added max possible shots with a stop close to 16.559.
I am cautiously short this pair. The channel is clear and just reached its top. There is a channel within but that is more for a short term play.
It might try touching 16.4-16.5 before retreating back to the area close to 16 and below.
Oil is going down and so the currencies that are closely related to it. MXN not as close as CAD or RUB but still getting a hit....