The EUR and AUD had decent retraces that may lead to a quality signal, but not this pair. When price reaches a reversal zone boundary, and produces a type formation, typically the next move is a squeeze. So when the market does not squeeze, that is telling us something. It is telling us that the momentum is still firmly in control.
There is an inside bar/bearish with a low of 1.3502. This can act as an aggressive short trigger for those who are monitoring shorter time frames. It is aggressive because the trigger is occurring at a low, rather than a lower high. This is the nature of trend continuation patterns and this one can lead price into the next support near the 1.3300 area.
If this market can gather the strength for a retrace, the to watch for is the 1.3821 area (.382 of recent swing). This would serve as the more conservative area to look for a swing trade short as well.
Keep in mind, the long term wave count for this market is which lends more potential to the short side. Aggressive break out trades such as the break of the 1.3502 low are within reason in such a context. Just make sure your plan is very well defined. This means you should know before you enter what type of trade it is: day trade? swing trade? And you should know your stop and your targets as well.
I will be covering the broader time horizons on S.C. so make sure to keep an eye out.