The floating losses are surmounting for the sells on eurusd, gbpusd.

Hold on or close?

It is still very early in the month to be closing out a trade. Determine a SL level you can live with, set the trades to be killed at that point and walk away for a few days.

At this pont I am not sure the EURUSD is coming back down as it is getting very close to the long term MA showing a bullish trend. It might come back down a bit into the 1.26 range before the end of the month, but I don't think you will see it at 1.18 any time soon.

About 5 minutes ago one of my sells closed with profit, the other is floating -278. I'm just over $100 shy of making up my losses from this morning - I manually closed one trade.

I think Sooner's got a good point there, but you never know. It will more than likely head upwards for a while. But IMO hold onto it for a bit longer and if the trend is still heading upwards you might want to cut your losses. But if you feel you want to cut then now then go for it and ride the wave up. But most of the time those losing trades have always come back around for a profit.

__________________
Patience is a virtue
"May the pips be with you"

When you say hold on for a bit, just how long does it usually go?

A week or so.
Last week Wednesday I had a BUY order at 1.3000... of course I closed it manually when close to 1.26... if I had waited till today, this BUY order would end up in a profit

just profited from a eur/usd sell order.

Oh my I just hope it will now go back to 1.2800... -200$ hanging over my shoulder

yeah 1.28 ... i have two sell orders at 1.26 open -.- ... on a live account.. i just hope it turns around in the next days..

Well... things are really turning bad... 1.3065 and counting... I am in 20% drawdown (happily, on a demo account).
Our only chance is if the US goverment decides on more effective moves to save big three automakers; this should give the buck some strength...