In the event sellers overcome buyers in trading volume, the pair could decelerate as low as 1.5902 and 1.5845 respectively. A longer term daily target could be 1.5645.
Alternatively, a break above the 1.6157 level could be a strong indication that the price could resume oscillating toward higher levels.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.