There has been a decisive breakdown of the support at $1.6581 today. In the least this opens the 50% Fibonacci retracement of $1.6250/$1.6822 at $1.6536.
The outlook across both daily and hourly charts suggests the dollar is strengthening now and that rallies should be sold into.
I have placed by stop at $1.66550 (43 pips) which is above the key intraday reaction high at $1.66530
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