On the 1 hour chart, we can see that we have now a consolidation near the lows. Such consolidations generally lead to big moves once the price breaks out. If the price breaks to the upside, we should see the buyers piling in to target the 1681 resistance and try a breakout to invalidate the bearish setup. The sellers, on the other hand, will want to see the price breaking to the downside to pile in even more aggressively and extend the fall into the 1400 level.