There is solid resistance @ 1.1036, which is the recommended level from which to short this pair. Shorts can be initiated at lower levels if resistance proves too strong. The markets have taken a breather @ 1.0323 awaiting the outcome of Trump’s Inauguration ceremony and markets are at the same time gathering downside momentum towards the first target @ 0.9612. Below 0.9612 there is nothing but solid support target @ 0.8188.
A breach above 1.1036 would negate my views and would call for thorough re-evaluation of macroeconomic fundamentals.