When we look at the chart we can see that the wedge is tested at the moment. What we would like to see is that it breaks out of the wedge and than do a quick retest of the wedge. When this happens we will short this pair. What is also very important to take away from this chart when we look at it is that the 0.382 level of the fib has been respected in the past. What I would do is make sure that when I take this trade that I secure some profits at that level.
Please let me know in the comments what you think of this setup.