A nice trendline break and retest would be a great chance for a short.
I would expect the end of year, the 12M candle close, to be a doji, so a reversal from these fib retracemtnes and if it holds as resistance for the rest of the year should confirm that this is it.
This really could be The Big Short 2.0. For you high rollers who can trade this pair this would be a huge sell opportunity should this ($) really go tits up.