We broke the up-trend and start to correction movement. That would be good sell setup with 1.3470 targeted.
The price is aiming at the lower band of the formation. We are an important area right now. The price will decide to directly decline or, more likely, stop and stay a while at the current level and then at 1.3100. After it reaches the lower band in the vicinity of 1.3050 level, it will be rebound to the upside.