I'm afraid I'm too late for this one (considering risk management), but let's see if it will pop up again in red area - only there I'm willing to short it. If it will continue to downside, break below 1.44 and pullback to/above it would be next opportunity for shorts. Target of interest is 1.42 level.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)