A failure to break above the base-channel resistance line has forced a less aggressive path, than we had first expected. However, support at 1.6546 should continue to protect the downside for a new attempt to break above the base-channel resistance line for upside acceleration towards 1.7198 and 1.8019.
Only an unexpected break below support at 1.6546 will question whether or not the bottom is in place.
We are long EUR from 1.6555 with stop placed at 1.6540. If you are not long EUR yet, then buy near 1.6546 and use the same stop at 1.6540.