After reaching an intraday high of 1.6636, pair halted the rally at the 20 SMA in the 4 hours charts, from where pair should correct to the downside, as we also approach to the roof of the range. However, indicators remain strongly bullish at this point, suggesting above 1.6660 resistance area pair could extend the rally to the 1.6700 level.
To the downside, break under 1.6580 support will confirm the expected downside corrective movement and send the pair to test the 1.6520/40 zone.
