I've been short this pair for a few months now, and my stop has been trailed down so this is the current pattern I am monitoring. Price has consolidated in the range outlined, and now price has been rejected at the range high.
It seems as if a pattern has been formed. A trade idea could be to wait for a break of the pattern before entering any short positions with a stop loss set above the channel highs. If you would like for me to become more active and post more on here please let me know in the comments.