Eurusd looks like a great short to me and is due for retracement

after analyzing both eurusd and the E61!/DXY chart i have decided to start a short position. looking for three tp levels in the near term- 1.20428 tp1 1.19712 tp2 and tp3 for the week is 1.18555. i am using fibonacci pivot points and a E61!/DXY divergence. Also an alost oversold stochastic. Will enter if resistance 1 is rejected and also when pivot point is crossed.