EUR/GBP Trade Idea (29th November 2019)
Currency Pair: EUR/GBP
Timeframe: H1
Date/Time of Signal: 29th November 2019 / 1330hrs (SGT)
Review:
YouGov MRP poll suggested high chance the Conservative Party (led by Boris Johnson) would win majority seats in the British Parliament this has been seen as a positive for the Pound.
Recent poor eurozone PMI data(s) have skewed to a Euro dollar downside.
EUR/GBP is trending downwards. EUR/GBP has tested and failed to break a Key level of 0.8530.
Following the downtrend, trade signaled to sell EUR/GBP (Entry: 0.8525) with 3 Take Profit (TP) Targets (TP1: 0.8505, TP2: 0.8485, TP3: 0.8465) and Stop Loss (SL) at 0.8555.
Timeframe: H1
Date/Time of Signal: 29th November 2019 / 1330hrs (SGT)
Review:
YouGov MRP poll suggested high chance the Conservative Party (led by Boris Johnson) would win majority seats in the British Parliament this has been seen as a positive for the Pound.
Recent poor eurozone PMI data(s) have skewed to a Euro dollar downside.
EUR/GBP is trending downwards. EUR/GBP has tested and failed to break a Key level of 0.8530.
Following the downtrend, trade signaled to sell EUR/GBP (Entry: 0.8525) with 3 Take Profit (TP) Targets (TP1: 0.8505, TP2: 0.8485, TP3: 0.8465) and Stop Loss (SL) at 0.8555.
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