Daily: Price is at Kumo and at support. At mom it looks like 1,6920-1,6940 is an equilibrium price. There is some tone in components: Tenkan/Kijun is weak , and Chikou Span dipped below price candles. What is more interesting here is DMI, which during this latest correction has become , with climbing. Well, from here hard to decide, anything can happen. My advise is don't touch it. Don't touch it even if it breaks below the and the Kumo, since for a real long term it will also need to clear the previous support below the cloud, which is ard 1,6780. Given the Slow , even if price penetrates the , I think we will see a pull back to the cloud first, before it starts to develop a new .
4 Hrs: Still , but is bit too high, and Slow is oversold.
Advise: Watch only, maybe close your counter trend shorts if you have not yet closed it already.