From a technical perspective, the price action has been in a range since late October. This month, we've seen that range fail to the downside, which could be a foreshadowing of further weakness.
Also, the is overbought on the 1H, but pretty much useless on higher time frames, so I don't think it matters that much.
I'm trading this with a sell limit order to trigger at 1.3016, with a stop above 1.3030. First target is around 1.2990, with the second in the vicinity of 1.2970.