The ECB decisions from yesterday make this trade an even more attractive proposition and I see no reason not to be selling any small rallies in expectation of a serious test of .8000, perhaps even as early as next week. Central bank event-risk is now out of the way for another 4 weeks and once the dust settles (probably today) the market will surely have another go at the downside in this cross which is still at reasonably lofty historical levels.
Initial resistance should remain solid at the .8160 break-down level.