I will enter on breakdown or breakout after correction.
It looks like it is forming rising megaphone so I will expect it to drop from the resistance line. Target - 1.255
Im expecting it to test 1.38 before coming down to the support trend line. If it will break the resistance line aggressively, I would wait for correction.
It still ranging inside the pennant flag or triangle . The next move will be seen only after it will reach support trendline.