hi... I can't really advise you on what to do but I can say what I "think" will happen. I believe eu will drop at least to 1.0800 before any real chance of a retracement or reversal.. however this does not mean it wont go back up now, it's just my thoughts.
I would not place a short now on eu... i closed my positions for the weekend because I see strong support possibility for eu at 1.0800. I'm waiting for next week to see if we can break that level if so... we will probably touch 1.06