Closing short from 1.1000 and reestablishing it at 1.1125 as mentioned in previous trade idea was a good move. We have already closed 2/3 position at 1.1055 and waiting for higher levels to sell again. 1.1200 and 1.1250 are the good resistance levels we are currently looking at. Next 24 hours can provide some good opportunities to fade any extreme moves because such out of sync moves will most probably retrace before FOMC tomorrow.
