The short positions from December 1st and 4th have performed well so far and the target has not yet been reached. For the moment it is approximately 1.0795. Reviewing the trend it now looks sustainable as new selling from 1.0840 has occurred and the next should be no higher than 1.0860/70 where bearish trend support is currently located. Once the target is reached, a bullish retracement to at least the last support is expected. For the time being this could be 1.0840/1.0870/1.0914
Update 06.12.2023
The target reached, but the trend is still steady. Presently we got expanded in both directions activity which can remain until the news. I reduced my long and collected. Over 1.0801 will reduce again. Need a signal to enter, but will be better that signal to be avaialble after the news.
