Short on a break of previous weekly support

Hello traders, well the reasoning for the trade is the break & intra-day retest of yesterdays support outlined by the blue horizontal trendline. The first target for the trade is the 16.65 level, 2nd target is the 16.35 level. All moving averages (20,50,100,200) have gone flat confirming this as an area of distribution / price range.

Cheers and GL =)