Currency pair pound euro EUR GBP continues to move through going beyond the model triangle and at the moment quotes are testing the breached border region forex model. We should expect a rebound attempt and the beginning of falling of pair of quotes in the area below the 0.84 level within the mining model Triangle.
EUR GBP forecast Euro Pound on February 17, 2017
In favor of a fall from current levels appears tight test downward trend line on the indicator of relative strength.
Cancellation option will drop the euro the pound strong growth above the level 0.8565, which will point to a continuation of the growth of quotations of the pair EUR/GBP in the area above the level of 0.8650 quotations fall acceleration is expected to support the field of breakdown at the level of 0.8455.
EUR GBP forecast Euro Pound on February 17, 2017 suggests an attempt to fall within the framework of the continuation of mining the forex triangle patterns with a view to a potential fall in the level below 0.84 area.
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