We struggled a bit at 1.2360 earlier on today and finally managed a pop to old resistance at 1.2370 which has held for now. As Mike noted yesterday, our old friend at 1.2280 worked it’s magic once again thus my hoover went on.
EUR/CHF h4 chart 15 01 2014
I offloaded a bit at 1.2350 when we fell back through late last week and I’m tempted to lock some in again if we see these moves continue. 1.24 is the big target to take out and if the dollar rally picks up steam we could be seeing it pretty soon.
The difficulty I’m finding with this trade at the moment is not wanting to let some out for fear of missing a big move and therefore not maximising potential profits. I suppose on the face of it it’s a nice conundrum to have.
