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EUR/GBP Signal - GBP ILO Unemployment Rate - 15 Jul

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Signal Details
Entry Price: 
0.8550
Take Profit: 
0.8497
Stop Loss: 
0.8571
Direction: 
Sell
How we trade
Average: 4.5 (2 votes)

EURGBP is trading to resistance prior to the GBP Unemployment rate data, which measures the amount of the workforce unable to find employment domestically. Technically the pair has traded to a key resistance level, and is also at 200 hour moving average resistance. We anticipate downside from here into the 0.8497 level.

Submitted by Toni H. on Thu, 15 Jul 2021 01:49:19 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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