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EUR/GBP Signal - EUR Private Loans - 27 Oct 2021

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Signal Details
Entry Price: 
0.8421
Take Profit: 
0.8386
Stop Loss: 
0.8485
Direction: 
Sell
How we trade
Average: 5 (2 votes)

EURGBP is trending to the downside today prior to the EUR Private Loans data, which is change in the total value of new loans issued to consumers and businesses in the private sector. Technically the pair is rejecting support turned resistance, and we anticipate continued downside today.

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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.