Based on longer term TA there seems to be a clearer picture of what the market is really doing. For the longer term TA such as the weekly and monthly H1 charts are like M5. Lots of random noise but once you get the overall picture you know what to look for on the lower TFs.
Weekly TA suggest in this case that long opportunities are the better bet after that solid break and clean retest.
While there are short opportunities to be made as you approach resistance imo the better bet is to remain consistent with the trend.
If your extremely conservative we would ideally however need a break above 1.65500 to signify that the trend is up on the longer TF as only then would it have taken out the last swing high.
Weekly TA suggest in this case that long opportunities are the better bet after that solid break and clean retest.
While there are short opportunities to be made as you approach resistance imo the better bet is to remain consistent with the trend.
If your extremely conservative we would ideally however need a break above 1.65500 to signify that the trend is up on the longer TF as only then would it have taken out the last swing high.