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EUR/GBP Signal - GBP RICS Housing Price Balance - 8 Jul 2021

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Signal Details
Entry Price: 
0.8549
Take Profit: 
0.8505
Stop Loss: 
0.8578
Direction: 
Sell
How we trade
Average: 5 (1 vote)

EURGBP is trending to the downside prior to the GBP Housing Price balance, which presents housing costs in the UK. It shows the strength of the UK housing market, which can be considered as the economy as a whole, as the housing market is sensitive to the business cycle. Technically the pair has broken below the moving average ribbon and we anticipate continued downside to 0.8505.

Submitted by Toni H. on Thu, 08 Jul 2021 01:07:10 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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