If you managed to "guess" the direction, then it provides you with an awesome ride either up or down. At the moment, it looks like it would need to recover for a bit and bounce to the upside. Maybe so... But looking at the price action, I believe that there is still some potential to the downside. I think I will be able to evaluate this better, once it re-tests that big trend line again. And I believe that this could happen.
I think this area, where it is ranging right now, is quite tricky and soon the pair will show us its direction.
For now, i am SHORT. But let's wait and see what happens.