I just published my trade idea and agree that shorting at this point is risky. A test towards 1.07/08 and a rejection will be a confirmation to short around 1,06 with possible moves to 1,02 and perhaps lower.
still dangerous to short this pair. look at what happened in 2008 when stocks tanked. I think stocks are vulnerable to a very sharp sell off in the next few weeks. try to buy this pair on dips. buy 1.0450 and 1.0350 stop at 1.0275 is just a guess at the moment.