Scalpers may want to exit at 1.16445 and enter again later.
It is amazing how we were so bullish on USD yesterday and now we are shorting this currency against other majors.
That is why that we should trade based on fundamentals at news (like ECB, FED announcements last week) and after that it is going to be only technical.
Last night I wend long AUDUSD, EURUSD, GBPUSD, EURCAD, Gold and Short USDJPY. Apart from USDJPY that is in a small lose all of them are in green.
1% up today, not bad ...
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Does not mean that I am bearish on EURUSD.