Currency pair EUR GBP is trading within an inverted head and shoulders pattern with a potential target of growth above the level of 0.85. Cancellation option EUR GBP quotes growth will fall below the level of 0.8320.
EUR GBP forecast Euro Pound on July 22, 2016
An additional signal favor growth continued testing the rising trend line on the indicator of relative strength, that already indicates the potential growth from current levels.
EUR GBP forecast Euro Pound on July 22, 2016 suggests an attempt to increase within the framework of completion of work on the model of an inverted head and shoulders in the area above the level of 0.85, the cancellation will be the breakdown of the level of the right shoulder model.
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