Following on from my earlier chart on short term bearish view, we have topped in rising wedge and have broken down from that. Now it seems we have dropped in falling wedge or possibly leading diagonal, which is being retraced in (a, b, c, zizgzag) at present. On completion we could have low risk shorting opportunity around 1.3080 -1.31 area. Slightly further out overall decline target is around 1.2950 - 1.2920. But you can have initial target of 1.30 area