SELL EURGBP 0.8542
SL: 0.8572
TP1: 0.8522
TP2: 0.8502
TP3: 0.8482
Signal Analysis by LCMS Traders
Currency Pair: EURGBP
SELL EURGBP 0.8542
Timeframe: H1
Step 1 - Previous News: EUR: ECB held its interest rates unchanged, PEPP and APP unchanged, slow down the pace of net asset purchases, GBP: UK GDP decrease
Step 2 - Trend: Down, Trend Following
Step 3 - Support/Resistance: Breaking Through Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast turning, slow up
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: EUR: ECB President Lagarde Speaks 1730hrs, GBP: -
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