Pair rebounded at 1.6550 after reaching extreme conditions in the hourly, yet still bullish in bigger time frames and above 1.6500 level. Pair needs to break under first static support around 1.6480 to extend a downside correction, thus not further than 1.6400. Above daily high, a retest of 1.6600 seems likely for next hours, supported by bigger time frames.
Support levels: 1.6480 1.6430 1.6390
Resistance levels: 1.6550 1.6600 1.6650
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