Heya guys!
![](https://resources.faireconomy.media/images/emojis/64/1f604.png?v=14.0)
![](https://resources.faireconomy.media/images/emojis/64/1f64f.png?v=14.0)
As Ichimoku suggests on the D1 chart, EU is sorely in need of a retracement upwards. Furthermore, DXY's bullish rally is slowing down on the 4HR chart with Ichimoku, it's Kumo suggesting that a retracement is indeed in the works for EU in the near-term. That said, I have no clue how much further down EU will go. There's a chance that this bearish rally will continue before price attempts a meaningful retracement.
Anywho, my plan is to hold onto my shorts and wait for the retracement to add on to my short position. I am eyeing 1.083xx - 1.085xx as a possible level to add sells on the 4HR. On D1, I am looking at 1.097xx - 1.098xx.
UPDATE: While i was typing, EU broke past support and is continuing bearishly
![](https://resources.faireconomy.media/images/emojis/64/1f626.png?v=14.0)
Trying my best.
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