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: euro is going north
2019-11-11 • Updated
BUY 0.887 SL 0.8815 TP1 0.893 TP2 0.897 TP3 0.918
On the daily chart, EUR/GBP retested the upper border of the short-term consolidation range of 0.8695-0.8835. This allowed buyers to form long positions. To continue the rally towards 161.8% target of a “Crab”, bulls need to renew June high.
On H1, EUR/GBP is forming a “Spike and ledge” pattern. If bulls manage to overcome resistance at 0.8870, the odds of continuation towards at least 161.8% of the “Crab” pattern will increase.
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!
Dovish ECB and hawkish Fed paint a bearish outlook for the EUR/USD. Is declining to 1.0770 the next stop?
What happened? US stocks ended sharply higher on Thursday, May 27, after a 7-week losing streak…
Next week, we expect the BOC rate statement, the OPEC+ meeting, and the Nonfarm payrolls release. Let's look at the opportunities in detail!
Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3).