it might end the downtrend and bouncing higher.
But if there's no intraday high and price goes below 1.3588 then i'd just look to buy at 1.3550-1.3500 (previous possibility)
my problem with the eur is euraud doesn't seem constructive to the downside. so does eurchf and we might get another failed continuation 5 waves down. and the dollar index doesn't seem that and might just go another upside and pullback. both scenarios are in play, will stay sidelines to watch which would be likely to play.
for idea i won't look to short here, but will be looking for bigger pullback in bigger time frame (daily)