The pair has reversed sharply from 1.1740$ to 1.1580$ . The pair is showing some strength at this area.
The pair is firm and trading at 1.1614$ currently with next resistance at 1.1640$ area.
So keep in mind those levels 1.1580$ and 1.1640$ acting as support and resistance respectively.
Below 1.1580$ , the pair would be extremely bearish while bullish above 1.1640$ area.
I recommend not taking any position now and waiting for the pair to trade at any of those areas and initiate a long or short position near the support and resistance respectively.
Remember , Dont rush into trading , wait for a good opportunity and maintain a stop loss and risk reward ratio.