EURGBP Trade Idea (5th February 2020)

Currency Pair: EURGBP
Timeframe: H1
Date/Time of Signal: 5th February 2020 / 1700hrs (SGT)

Review:
Yesterday (4th February 2020), U.K. construction PMI data released yesterday was better than forecasted. Thus Pound has strengthen.

Recently, EURGBP has been on a downtrend.
The price tested and bounce off the resistance zone of 0.8520.

Following the trend, trade signaled to sell EURGBP (Entry: 0.8461) with 3 Take Profit (TP) Targets (TP1: 0.8441, TP2: 0.8421, TP3: 0.8401) and Stop Loss (SL) at 0.8491.