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EUR/GBP Signal - GBP Retail Sales - 26 Mar 2021

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Signal Details
Entry Price: 
0.8558
Take Profit: 
0.8610
Stop Loss: 
0.8520
Direction: 
Buy
How we trade
Average: 5 (1 vote)

EURGBP has traded into support prior to the GBP Retail Sales data, which measures the total receipts for the retail industry. Technically the MFI is indicating oversold levels, price is retesting the broken trendline, and is at the 77% fibo level.

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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.