British pound breakout soon?
Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
EUR/GBP: bullish momentum has declined
2019-11-11 • Updated
Trade ideas
SELL 0.8910; TP1 0.8890; TP2 0.8860; SL 0.8920
BUY 0.8935; TP 0.8960; SL 0.8920
EUR/GBP formed a candlestick with a long upper wick on W1 - a bearish sign. Daily Awesome Oscillator is going down. The pair formed a lower high and may slide to 0.8890 and 0.8860 (23.6% Fibo of May-June advance). Only above 0.8930 the pair will be capable for a small upside.
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