The 1.4131 to 1.4065 zone (.618 of recent swing) is a lower risk area to participate in this market which is somewhat on the short term. The big picture is a different story (See count on S.C.). Also the fact that price has rejected the 1.4325 level so dramatically begins to establish a very broad lower high (below 1.4500 level). This is in line with the general outlook on the weekly time frame.
With that being said, taking a swing trade long is still possible, it is just that profit expectations need to be within reason since the long side is limited in terms of potential. At the moment, IF a swing trade setup develops, a target below the .14200 makes more sense compared to expecting a new high over 1.4300.
Also keep in mind, even though there is a sign of a reversal on this chart, the market has about 12 hours before the candle closes. This means it can still close weak and the can disappear. I will be watching the Sunday night candle to determine if a long swing trade setup is present or not. Updates available on S.C. only.