I'm late to this pair, if I was looking to short. If price returns to the 1.345 area, then I'll consider shorting it only, if price begins to post daily bear candles on the daily time frame. Once I see those bear candles, then I'll move to the 1H to begin placing sell limit orders.
Comment:
It looks like price would have been ready for shorting during mid April into mid May.
Comment:
Roughly what entries and stops look like on the 1H.
