Based on a current market sentiment it is quite hard to say whether that structure will be broken or not.
For now, wait for the decision of the market participants:
To short wisely, wait for a bearish breakout of the underlined yellow structure (daily candle close below). Then short on a retest.
After a breakout, chances will be high to see a bearish continuation all the way down to 1.45 level.
To buy wisely, follow a falling wedge pattern on 8h chart. Once its resistance is broken, it will be a strong bullish signal. A pullback will be expected to 1.49 level.