EURGBP Is Rising Further After UK Retail Sales missed estimates
EURGBP already broke out from an Ascending Triangle pattern after it spent some time in accumulation and without direction the price is rising today.
This is the third and clear bullish pattern that EURGBP broke out and the chances to rise one more time are high.
K retail sales is supporting this bullish movement because they failed to meet expectations.
Overall, the data was higher compared to the last month, but the fact that it missed expectations suggests that the UK economy is growing in small steps.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURGBP already broke out from an Ascending Triangle pattern after it spent some time in accumulation and without direction the price is rising today.
This is the third and clear bullish pattern that EURGBP broke out and the chances to rise one more time are high.
K retail sales is supporting this bullish movement because they failed to meet expectations.
Overall, the data was higher compared to the last month, but the fact that it missed expectations suggests that the UK economy is growing in small steps.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.