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EUR/GBP Signal - GBP Claimant Count - 20 Apr 2021

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Signal Details
Entry Price: 
0.8618
Take Profit: 
0.8568
Stop Loss: 
0.8655
Direction: 
Sell
How we trade
Average: 5 (1 vote)

EURGBP is cycling to the downside prior to the GBP Claimant Count Rate data release, which is a monthly measure of unemployment in the UK It indicates the health of the UK labor market. Technically price is moving in a channel to the downside and is below the 1hr 50 moving average. We anticipate continued downside into the 0.8568 level.

EUR/GBP Signal - GBP Claimant Count - 20 Apr 2021
Submitted by Toni H. on Tue, 20 Apr 2021 03:42:54 GMT

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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.

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