Price is currently forming a diagonal structure (wedge) on the H4 timeframe. This gives us a bearish bias in the immediate term.
However, we are still expecting price to eventually head higher, at least for another swing towards the previous trend line around the 1271 - 1279 area. Perhaps from there, we might see more selling pressure for a long term short trade. (Refer to the daily timeframe as shared before)
Disclaimer - this is not a trade call. Make sure you do your own due diligence before taking any trade.