I'm covering our shorts because I expect a bounce up from the drawn trendline. At this point it is crossing a pretty strong support level around 1.075 - 1.08. You could even consider going long for a bit since risk/reward is good at this area.
Longer term, I still prefer bearish over bullish. As I explained in earlier updates.
Longer term, I still prefer bearish over bullish. As I explained in earlier updates.