May need just a bit more room for the long term fibo support to hold today, there's rumors of more UK inflation to come (duh), but it's only a small test at lower lows. As of right now, we're yet to see a break of the 1.6430 lower on the long term fibo up.
For aggressive intra-day, you may play a bounce off of 1.6450, get out on direction change though as we're likely to range here for a bit and it may not be worth it's spread in risk.
To inflate or not to inflate (read; deflate, pffft...)...
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