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 targets
2020-06-23 • Updated
EUR/GBP continues trading within an uptrend. The pair has managed to break above 0.9000 (38.2% Fibonacci retracement of the March-April decline) which now acts as support. The recent high is not confirmed by the Awesome Oscillator on the D1, so the pair may retrace to the 0.9030/00 area. Never the less, the uptrend will look intact as long as the pair’s staying within an uptrend. An advance above 0.9070 will bring it to 0.9100 (50% Fibo) and the next important level will be at 0.9175.
Trade ideas for EUR/GBP
BUY 0.9075; TP1 0.9100; TP2 0.9070; SL 0.9060
BUY 0.9000; TP 0.9100; SL 0.8980
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
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