Currency pair EUR GBP is trading at 0.8487. At the moment the pair is moving inside the descending trend and is located below the moving average with a period of 55, suggesting a downward trend and points to a continuation of the fall of the euro quotations pound.
Bollinger Bands forecast EUR GBP on February 24, 2017
Do not rule out another test the moving average, and only then continuing drop in prices pair EUR/GBP. Conservative euro area for sales of pound is located at the upper Bollinger Bands indicator strips border near the level of 0.8540, where is again expect continuation of decrease. Cancellation option will be the fall of the sample area of 0.8575, which indicates the potential change of the trend in favor of the rising.
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