EURGBP buy trade idea 24 06 2021

#OPINIONLEADER# #Signal#

BUY EURGBP 0.8547

SL: 0.8517

TP1: 0.8567

TP2: 0.8587

TP3: 0.8607

Signal Analysis by LCMS Traders 

Currency Pair: EURGBP

BUY EURGBP 0.8547 

Timeframe: H1

Step 1 - Previous News: EUR: French flash PMI continued expansion, German Flash PMI continue expanded at faster pace, Eurozone flash PMI expanded at fastest pace, GBP: UK flash PMI continued expansion, slight slowdown in services sector

Step 2 - Trend: Down, Counter Trend

Step 3 - Support/Resistance: Bouncing Off Support

Step 4 - Indicators

- Bollinger Bands: within 

- MACD: both up

- Stochastic: H4 heading up

- PSAR: bearish

Step 5 - Upcoming News: EUR: German ifo Business Climate 1600hrs, GBP: Monetary policy decision 1900hrs