118 is a very strong Resistance Level and breaking above 118.650 only means 123 is next. I wouldn't be short on USD while its year end and alot of crazy things happening around the world right now since USD is a safe haven and has a great outlook of 3 rate hikes in 2017 as per Chair Yellen.
Shorting half the amount I usually trade .... just to avoid waking bulls on the NY Session.