the price hit a fairly strong support level @ 1.56800 in the daily timeframe .if trend reversed then maybe we would be looking for a surge lower than this...a retest of the support turned resistance and then signals for a sell.but if not,then we would be looking for a bounce in this region as Rsi is oversold and the 1.56800 support aligns with 0.786 fibonacci retracement level .So anyway.am fairly new to analysis but this is just my opinion.which i believe and follow and trust.but am also open for suggestions corrections and ideas as am here to learn too.