Price action push back down around the 0.88550 (Blue Line) which bring my bias for a possible short.
SL: 0.88920 as i don't believe price action will go near the daily resistance level of 0.88810
Both fundamental and technical analysis.
H4 chart indicates a bearish trend. Currently there is a rebound from local resistance which is on level of previous high. If trend does not change, then price should go towards last low. In this context you can consider short position.