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EUR/GBP Signal - EUR Current Account - 20 Jul 2021

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Signal Details
Entry Price: 
0.8622
Take Profit: 
0.86630
Stop Loss: 
0.85890
Direction: 
Buy
How we trade
Average: 5 (1 vote)

EURGBP is trending to the upside with strong momentum prior to the EUR current account data, which shows the net flow of current transactions, including goods, services, and interest payments into and out of the Euro-Zone. Technically the pair has broken two key resistance levels, and the moving average band is support. We anticipate continued upside into the 0.86630 level.

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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.