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EUR/GBP Signal - GBP Industrial Production - 12 Apr 2021

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Signal Details
Entry Price: 
0.8683
Take Profit: 
0.8651
Stop Loss: 
0.8719
Direction: 
Sell
How we trade
Average: 4.7 (3 votes)

EURGBP has traded into a key resistance prior to the GBP Industrial production data. We anticipate continued downside into 0.8651. The PPO is showing bearish divergence, indicating it is possible for a double top to form at this zone!

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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.