BUY EURGBP 0.8547
SL: 0.8517
TP1: 0.8567
TP2: 0.8587
TP3: 0.8607
Signal Analysis by LCMS Traders
Currency Pair: EURGBP
BUY EURGBP 0.8547
Timeframe: H1
Step 1 - Previous News: EUR: French flash PMI continued expansion, German Flash PMI continue expanded at faster pace, Eurozone flash PMI expanded at fastest pace, GBP: UK flash PMI continued expansion, slight slowdown in services sector
Step 2 - Trend: Down, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 heading up
- PSAR: bearish
Step 5 - Upcoming News: EUR: German ifo Business Climate 1600hrs, GBP: Monetary policy decision 1900hrs
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