DislikedFrom long term perspective it's not safe to go either long or short at these levels.
Moves like this, specially after a long term noisy retrace and then a sudden sharp continuation (the same case here on daily chart) could be a shake out to stop out weak long positions and then start a long term reversal.
Look at the daily chart. I've seen this kind of patterns before and trapped in a few times.
Long: if we bounce off 1.3500 or higher with convincing PA and break above 1.3620
Short: if...Ignored
Very nice analysis mate
COT: The precious data ignored