Looks like the long term resistance is broken and its only a matter of time that we start seeing the target prices. I suspect eventually we shall see 1.5900 area. This is long term and I see it as bullish now. Therefore I would be trading the short term, ignoring shorts and looking for nothing but long entries.
Comment:
I should add that the RVGI has long broken up aswell and remains above zero which helps me confirm the bullish trend. Once the MACD turns and heads upward I suspect we will see some upward movement.