The pair fell down sharply yesterday and broke down the previous level of support. But then the move was stopped by the new volume level 1.3163 and the price started trading a little bit above this level. Given the abrupt fall and the absence of the significant reaction of the price to the support, we should consider the scenario of its breakdown and opening short positions. A stop loss should be placed above the breakdown bar. A potential of the deal is around 130 pips.
The bottom line: short positions after a sure breakdown of the support.