Stabilization above 1.5370 temporarily cancelled the bearish reversal scenario, leading towards 1.5430 (the projection target of the range breakout) then 1.5590.
The long-term view remains bullish as long as the pair continues to consolidate within the depicted daily bullish channel above 1.5370-1.5400. However, the upper limit of the movement channel 1.5590-1.5600 may provide a considerable resistance for the pair. This idea is supported by the weak ongoing bullish structure with integrated swings.
On the 4H chart, there's a broken short-term uptrend line which was broken-down in order to initiate a retracement movement towards 1.5370.
By breakdown of this trendline, there is a confirmed signal of reversal now. However, It's important to be cautious. Breakdown of 1.5480-1.5500 is essential for further bearish retracement towards 1.5400 and 1.5370.