The currency pair Euro Pound EUR/GBP is trading at 0.8727. The pair continues to trade above the moving average, which indicates the continuation of the development of bullish tendencies for the pair. At the moment, the Euro pound quotes were able to push away from the lower border of the Bollinger Bands indicator bars, which implies continued growth of the pair with the first target near the level of 0.8790.
Bollinger Bands forecast EUR/GBP on March 16, 2017
Breakdown of this area will indicate the acceleration of the development of the upward trend. Canceling the continuation of the bullish trend for the pair Euro Pound will fall and breakdown of the area of 0.8650, indicating a potential change in the trend in favor of a downward trend.
