The currency pair Euro Pound EUR/GBP is trading at 0.8725. The pair continues to move above the level of the moving average with a period of 55, indicating an upward trend.
Bollinger Bands EUR/GBP forecast on March 15, 2017
At the current time, we should expect an attempt to lower the quotes of the Euro Pound to the area of the lower border of the Bollinger Bands indicator bars near the area of 0.8680, from which one should expect a rebound attempt and continue the growth of quotations to the area above the level of 0.8800.
Cancellation of the variant of development of the upward trend in the pair will be the fall and breakdown of the area of 0.8660, which will indicate a potential change in the trend in favor of a downward pair.
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