Key for me is the short-term 61.8% Fib level (in purple) and the 2/1 line of the . The current price could mark an entry point to a short sell, but I'd want a confirming move held at or below the 50% level at 0.745 to be sure. The long-term target would the the 27th of May low at around 0.715, with an initial aim at the 38.2% Fib 0.742 - I reckon the next range could be held within 0.73-0.75. Stop loss would sit around the current level (61.8% = 0.756) until the break downwards was stable, in which case gradually move the stop towards 0.748 should things settle down.
I'd welcome any constructive feedback you guys & girls can offer: my analyitics style is purely technical and I like to keep things pretty simple and I'm still a trading novice, so feel free to comment!