you can make money both ways, long and short. But please avoid terms like " i believe". It means nothing. At 1.1750, they sucked the loosers in and slammed the price hard.
its a scalp at best. Take your profit and enter with trend tomorrow, 1.180 will be tested and most probably exceeded . Target for 2025 end is 1.20. US interest rates are on a downward trajectory while Europe intends to hold rates steady now.