Short term intraday charts show that the decline from 1.5916 can be counted as an impulse (with an expanded flat that has followed). Given the possibility that the entire advance from 1.5342 is a B wave (a-b-c) in a flat from 1.5904, a bearish bias is warranted on a break below 1.5670.
The bearish target is not until below 1.5342. 1.5916 must remain intact for this bearish scenario to remain favored. We’ll watch the short term price action closely and present a bullish alternate tomorrow if necessary.