Apologies for the quality of this image. My short position has only been partially displayed for some reason as text on the left hand-side of the pic. Following on from my sell recommendation last week I am looking to take profit around these current levels for a respectable 1:2 risk reward. If we can break yesterday's lows around 1.04850 I may look to get back in on the short side, but for now I think we've reached support and will be happy to take profits
As a side-note: the EUR/USD pair is approaching key levels in the form of previous support and the 50% Fib from the recent new low and bounce on the Daily. I will be watching the price-action for any opportunities to get long here...
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