Review on EURGBP position

Last week Thurday 7 August, I had bought 20,000 EURGBP at 0.7886, stop level at 0.7750, target level at 0.7940.

Today EURGBP has rebounded as there is data to show that housing slump in UK had deepened. Royal Institution of Chartered Surveyors said the number of real-estate agents and surveyors reporting lower prices exceeded those reporting gains by 83.9% last month as the credit squeeze brought the market to a virtual standstill.

Currently EURGBP is trading at 0.7839, unrealised loss is US$178. EURGBP is moving back up into the range, so my loss should turn into profit pretty soon.