My plan for this week with this pair is as follows:
1) Wait for next 4 hour candlestick- if this is RED & either an or Harami pattern, plan Put trades.
2) Go to shorter time frame charts (like 1 hour or 15 minutes) to do shorter PUT trades, if these charts turn .
3) Once PA turns , next is around 1.11200 around 400 + lower then PA now (1.11673)
I believe that 1st few days or until around Wednesday (8/3/16) PA will go to side for trading here, then need to recheck when PA is around area of 1.11200 area. Remember: Longer time frames have stronger S/R areas.