H1 13CCI told us on Mar 7 of likely move up to 1.125ish, which we saw on Mar 8, nothing says price can't rise more before the projected downmove takes off, so even though the weekly CCI signal is definitely short and even though price has met expected bounce up, there is no reason to expect EURUSD to just rollover w/out a fight from bulls.
There is plenty of room to run down to 161.8%. It looks too easy. There is ALWAYS an opposite read possible, which on this weekly chart would be a CCI move up to cross the green down-trendline if it happened.
Such a trendline break would also be the exit for this Short, and can be used for SAR, though I'd prfer signals from a smaller timeframe
