When I take a look at the standard bollinger bands on the daily and the weekly, I see that the pair is at the +2 stdev higher band...so a bit outstretched on high and higher time frame....
I think it's a good risk/reward ration for a short trade here....
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if you draw a fibonnaci from the high - 1,3386 to the low 1,2782 this level wold be the 23,6% of the correction from the initial wave.