EUR/GBP and USD update

EUR/GBP is moving around 0.840 - 0.844 range after dropping as low as 0.836.. Fed's Bernanke will give some testifies on 14:30 GMT Time. After that ECB Trichet's Speech will be on 18:30 GMT Time. We can expect some volatility for USD and EUR during the speech.

As for EUR/GBP entry position, current position is hanging in the middle between long and short. If you prefer to be safe, wait it drop further till below 0.83, or around 0.82 - 0.822 should be safe enough. As for current price which is 0.842 is still risky, since there will be important speech later on.

It's better to keep observe the movement and make decisison when you feel confirm about it. My advise is wait a while more if you would like to open long position..