Forming downtrend

FX:EURUSD   Euro / U.S. Dollar
33 0 8
On monthly tf I see third lower low, and its currently resting on my monthly support 1.04530.
On weekly tf I noticed a retracement on 38.2 Fibb, which is also a weekly resistance 1.08200.
When we look on daily we can expect no more than 1.05580 retracement, before falling again.
If it go up to our 4h resistance, in can see only adding another short position..
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