SELL EURGBP 0.8592
SL: 0.8622
TP1: 0.8572
TP2: 0.8552
TP3: 0.8532
Signal Analysis by LCMS Traders
Currency Pair: EURGBP
SELL EURGBP 0.8592
Timeframe: H1
Step 1 - Previous News: EUR: Eurozone Final Services slight upward revision, GBP: Final Services PMI slight upward revision
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both down
- Stochastic: H4 heading down
- PSAR: bearish
Step 5 - Upcoming News: EUR: Retail Sales 1700hrs, ECB President Lagarde Speaks 1900hrs, GBP: Construction PMI 1630hrs
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