The next structure high is at 1.906, however, it is not a strong level to go short. Bears would not lose their battle so easy, as they momentum and big bars show that they are committed to buy.
However, there is a next structure high at 1.1034. This is the , price respected it few times and it is expected it will do it again. That the best level buyers to lock their profits. Also, most of the institutional orders will be place at red zone. We all know that, big orders mostly placed on key levels.
In addition, there is a potential , which guides where to enter, and exit. This set-up is a good opportunity to go short.
T1 - 38.2%
T2 - 61.8%