Price still has potential to go bullish to test the zone. If price tests zone, will wait for confirmation on a lower time frame before going short. Or will enter short after a confirmed breakout.
@Emac_a, yes I think so. If you look on a lower time frame, for example the 1H, you can see that the bulls have tried to retest support but have been pushed down by the bears continuously. So I would personally see this as a breakout. And on the 1H price has broken out by 30 pips. And we currently have strong selling pressure. Hope this helps!