EURGBP sell trade idea 17 06 2021
SELL EURGBP 0.8565
SL: 0.8595
TP1: 0.8545
TP2: 0.8525
TP3: 0.8505
Signal Analysis by LCMS Traders
Currency Pair: EURGBP
SELL EURGBP 0.8565
Timeframe: H1
Step 1 - Previous News: EUR: -, GBP: UK CPI y/y increase in annual inflation
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both down
- Stochastic: H4 into over sold
- PSAR: bearish
Step 5 - Upcoming News: EUR: Final CPI y/y 1700hrs, GBP: -
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