From the daily chart, we see a pullback attempt after breaking the bullish trend that was in place since March, with October's low. If it loses the fibo 61.8 (marked from 1.5709 to 1.688) by the 200 days MA, the pair won't have support until 1.5813. Yesterday and today the price built a strong resistance at 1.6313, which will take the pair to yesterday's lows at 1.6193. Before that, it could find support at 1.6265 and 1.6218. Losing 1.617, by the 61.8 fibo, will seek 1.6117, large resistance from September and October. The price will need much strength to break this area, which could leave it in sight of 1.6. Above, it's fundamental for the pair to consolidate above 1.6332, unfolding the uptrend in the long term. As in the bearish strategy, it will also need much strength, as it will meet with the 200 days MA on it's way to 1.641.
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