When we have a look on the daily chart, We find that area 0.8170-0.8265 acted as a supply zone which was retested showing massive bearish reaction.
This bearish reaction is manifested in the daily bearish engulfing candlestick indicating strength of the bears at this junction of the chart.
Then we had a bullish hammer last Thursday at the support level around 0.7860 which means that we may have a pause in the downside movement.
The supply zone's bearish reaction around 0.8170-0.8265 is clear in the double-top pattern then successful reversal.
Also we can see the bullish reaction of 0.7869 manifested in the bullish engulfing candlestick which managed to close above the level again.
Based on both charts analysis, Level 0.8067 may act as a good short entry if the pair decides to retrace after the daily hammer.
SL should be daily closure above 0.8110.