Currency pair Euro to British Pound EUR/GBP is trading at 0.8394. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in the pair Euro Pound. A test of the signal line area near the level of 0.8425 is expected, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a target of growth near the level of 0.8330.
EUR/GBP Forecast Euro to British Pound on May 11, 2017
Earlier, a weak signal was received for the sale of the pair Euro Pound, due to the crossing of the signal lines at the level of 0.8463. Cancellation of the variant of the fall will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.8465, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotes EUR/GBP is with the breakdown of the local minimum area at 0.8355.
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