Here we have the 4H chart, As we said after breakout of the bearish channel we didn't have the expected follow up from bulls but we had a sideway range between 1.5533- 1.5715.
In order to determine the next heading for this pair, we need to see obvious breakout out of this range.
Yesterday we had a breakout to the downside closing below the lower limit of the consolidation range mentioned above.
Downside break opens the way for the pair to visit 1.5345 again we need to see the price action towards this level.
If we have a break and closure below this level the way to 1.5220 will be open.
If we have bullish reaction towards 1.5345, the pair will have to re-visit 1.5533 to retest the lower limit of the broken consolidation range & the neckline of the double top formed there which will be a good sell entry.

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