And Euro/USD falls in these uncertain times. It is advisable to not take a big position till US debt Ceiling drama is resolved on August 2. Till then there will be uncertainty and USD will react to every news item.
Euro fell yesterday because German FM was complaining about the Greek debt buying. Still I think the up-trend in Euro is intact. I have gone long a small position in Euro. London open is still one hour away. Stoploss is under the pin-bar. I will trail the stop loss once it starts moving my way. The event risk for today in addition to US Debt ceiling news is German Unemployment numbers. You can wait till that data to put on a trade.
