Mate,
Another reason is friday as you see our market is not following DOW and traders got nervous as they expect some profit taking in US tonight and Chinese New Year so again negative sentiment is dominating the market today and people closing positions.
1.69 will be crossed again and the third time around it may pass 1.69 and end in the mid 1.70s
I like to still increase my position more once new support level over 1.69 is properly established.
Have a good one,
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