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EUR/GBP Signal - EUR Current Account - 18 Jun 2021

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Signal Details
Entry Price: 
0.8558
Take Profit: 
0.8500
Stop Loss: 
0.8600
Direction: 
Sell
How we trade
Average: 5 (2 votes)

EURGBP is trending to the downside prior to the EUR current account data which shows the netflows into and out of the Eurozone. Technically the pair is in a downtrend and has trendline resistance above. Our stop for this trade is quite conservatively above the 200 MA, however we still have risk to reward ration of 1.4. We anticipate continued downside into the 0.850 level.

Submitted by Toni H. on Fri, 18 Jun 2021 04:11:50 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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