On the 4H chart, the price action does seem to be in a down trend, with this current bump higher possibly opening the door to a new leg lower. The is also overbought on the 4H, but not on the Daily chart. I think that might be okay since I'm only looking for a short term trade.
Although I suspect if we do go lower, it will be a affair with the price showing plenty of indecision. It might also make moving stops to breakeven problematic.
As always, I'm trading this with a limit order to trigger if the price falls below 1.6750. Stops and targets are set according to my personal perspective. I will be willing to take any easy money off the table before the targets are reached if I suspect things might not go according to plan.
Limit order was not triggered, so no harm done.
Back to the charts!