Price has recently broken out of the couple month long range the pair has been in with a strong breakout and currently consolidating. A huge bearish engulfing candle printed on the 4H charts signifying, that we may go for a retest of the broken range and if price can hold as support at the 1.3 level, then we look for a further move back up to possible 1.33 level. Might look to having a small short if it breaks out of the consolidation its currently in with a TP right at the 1.3 level, then looking for price to confirm a move upward, or we will will back into the multi-month range