Hi Peter, there's obviously a possibility to short it, but the Dollar Index is bearish, so equally it could keep climbing. I don't know what other analysis you have done other than the support and resistance levels shown here, but I wouldn't just rely on resistance and support, otherwise the market would always move sideways and it would be predictable. Hope this helps. I always try to find 3 reasons to enter a trade, using price analysis, patterns, and some form of Indicator tool.
It will most certainly go down on H4 because my setup kinda agrees. There's a bearish divergence with the price and the accumulation/distribution. Plus, Stochastic also crossed. Will probably go down around 50-60 pips. Nice setup, and lets hope it works out! 💪