Sell below 0.7781. Stop loss at 0.7819. Take profit at 0.7717.
Reason for the trading strategy (technically):
Price is testing major support at 0.7781 ( , horizontal overlap support, ascending support) and a break of this level would open a bigger drop to 0.7177 support ( , horizontal swing low support).
(34) can also see a long term descending resistance line holding price down and a recent exit of our short term ascending support-turned-resistance line is signalling a potential drop from here.