Thin Bets and Small Losses

I would have lost big time in this EUR/USD short - this 8 hour chart shows what I would have lost if I had a much looser stop. This are could be a nice spot for resistance but it can go higher. Open 1.11819 and close at 1.12128 for a loss of only 30.9 pips. I love the fact that the exchange rate went up 173 pips from base to peak, or is it a peak worth fading?