Previous update on analysis quoted reason for executed Short 116.183 Entry. Though 4Hr timeframe slightly differs, Daily has Three price-action prices for Take-profits on running Short. ie 114.442 | 114.242 | 113.991
Reasons:
112.645 | 114.242 zone is previous Support/Resistance zone likely to see Retest. 114.442 and 113.991 respectively, are 0.5% and 0.618 following Fibonacci Swing Lo-Hi retest zone.
The quoted Three prices, if examined, could give reason to reverse the trade for upside breach at 116.183 for 117.254 | 118.713 zoned targets.
Conservatively, further decline could see tests at zones: