Price is retracing as expected towards the 0.6910 level. Given a good Pin Bar or Bearish Engulfing on the 4 hour or even the Daily, this would be a great level to go SHORT.
The Risk/Reward seems fitting enough to pull the trigger on this trade, granting it materializes the necessary parameters.
UPDATE: This trade setup went nicely. It almost reached the Stop Loss but ended up turning around and barely touching the Take Profit.