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EUR/GBP Signal - GBP Retail Sales - 23 Jul 2021

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Signal Details
Entry Price: 
0.8552
Take Profit: 
0.8508
Stop Loss: 
0.8588
Direction: 
Sell
How we trade
Average: 5 (1 vote)

EURGBP is trending to the downside prior to the GBP Retail sales data, which measures the total receipts for retail stores domestically. Technically the pair is below the moving average ribbon and has broken a key pivot level. We anticipate continued downside into the 0.8508 level.

Submitted by Toni H. on Fri, 23 Jul 2021 03:35:57 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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