We are still bullish on this pair with our psychological target on the upside of 1.6000. Our target for this week is on the upside of 1.55400, 1.5600, 1.56350. The safest entry would be above the break of the pivot point 1.55400 with a bullish confirmation on the smaller time frame (1 Hour). However, we would be setting this trade up as a swing trade. If you are setting the trade up below the pivot point invest half a position then once the break is complete and bullish PA is confirmed we can add to our position
This is just an opinion you do not have to copy this trade.