Maybe it is not because a strong resistance is near.
The 0.618RET of previous decline from Aug 2015 to Feb 2017 is at 1.545 level and the 1.618REXT of the drop from Dec 2016 to Feb 2017 is at 1.539 level.
Meanwhile the also works at 1.540-1.560 levels.
Additionally, the historical resistance line is at 1.553 .
What is more, the upper edge of equildistant channel may also a resistancel and the has been overbought already.
So it is good to sell at 1.540-1.560 levels when price action gives signals in the PRZ.
SL: above 1.565
TP3: 1.400 and further more
Less is more, slow is fast!