eur retraces

the euro has been out right strong but is looking to retrace .. forming an 8hr possible bat back to the lower side ... i have a long bias tbh to 1.235 but if this price drops then i have to target 1.16 before i look to buy anything... just came off this buy tbh and my first tp target was 1.195 from 1.1775 but 1.192 is close enough to enter a short for a retracement