By examening the daily graph, we notice that the pair is stable below 23.6% correction at 1.6630 as trading below it is negative. SMA's met in an attempt to achieve a negative crossover forcing us to ignore the oversold signals showing on momentum indicators.
As long as the pair stabilized below 1.6630, the possibility of further bearishness is available today. But a break below the support 1.6555 is significant to confirm extending the downside move intraday.