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EUR/GBP Signal - EUR Germany Wholesale Price Index - 11 May 2021

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Signal Details
Entry Price: 
0.8596
Take Profit: 
0.8660
Stop Loss: 
0.8560
Direction: 
Buy
How we trade
Average: 5 (2 votes)

EURGBP has formed a double bottom prior to the German Wholesale Price Index, which shows value of sales made by wholesalers in Germany. Technically the pair has found support at the previous lows, indicative of a double bottom pattern and the PPO has given a bullish cross, which is a bullish signal. We anticipate a move into the 0.8660 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.