I took a very similar position last night, I gave it a bit more room to breath and adjusted my stop slightly and this morning it was in profit. I was waiting to see if we would get a bigger retracement but I say this morning it was going to continue higher so closed out for around 6 pips (no issue) lost and took a long position, up around 20 pips currently. You have to be nimble with the counter trends, as Phil said "hope is not a strategy". This is so important to keeping your losses minimal.
It might only get to around the .7850 from here so it is something to watch.