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EUR/GBP Signal - EUR German Trade Balance - 9 June 2021

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Signal Details
Entry Price: 
0.8599
Take Profit: 
0.8645
Stop Loss: 
0.8569
Direction: 
Buy
How we trade
Average: 5 (1 vote)

EURGBP is cycling to the upside currently prior to Germany's Trade Balance data, which shows the difference between domestic imports and exports. Technically the pair is above the key 0.8500 pivot, and has bounced off the range support. We anticipate upside to continue into the 0.8645 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.