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EUR/GBP Signal - EUR Germany Retail Sales - 2 June 2021

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Signal Details
Entry Price: 
0.8633
Take Profit: 
0.8584
Stop Loss: 
0.8667
Direction: 
Sell
How we trade
Average: 5 (2 votes)

EURGBP is trending to the downside, and has bounced out of trendline resistance today prior to the German retail sales data, which measures the total receipts of retail stores. Technically the pair has also found resistance at the 0.86400 significant level, and the PPO has given a bearish cross.

We anticipate downside into 0.8584.

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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.