I was lucky enough to buy at the lows on Monday when trend-line support held near 1.2125 and I’m taking half my position off the table 100 pips higher. My main reason for doing this is that the position was a little too large for comfort anyway, and now is much more easy to manage. I also feel that resistance near 1.2250/60 will probably be very firm (it was strong support on way down) so I’m happy to book some profits ahead of there and see what happens.
