EURUSD Short 1 Hr Chart 190 Pips Potential

EURUSD currently in a strong downtrend and retracing like the dollar is retracing from its strong uptrend, with an 88% chance of a rate hike this month i believe we will continue to see the value of the euro fall against the dollar, i am entering this trade at the 0.5 fib and covering stops for the 61.8 and the 78.6 just to be cautious, we are now approaching overbought on the RSI so i feel this is a good time to enter this short.