Currency pair Euro to British Pound EUR/GBP is trading at 0.8730. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair Euro/Pound. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.8690, from which one should expect an attempt at growth and development of the bullish tendency for the pair with a target of growth near the level of 0.8800.
EUR/GBP forecast Euro Pound on June 2, 2017
Earlier, a strong signal was received for buying of the pair Euro/Pound, due to the crossing of the signal lines at the level of 0.8694. The cancellation of the growth of the quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 0.8635, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations EUR/GBP stands with the breakdown of the local maximum area at 0.8770.
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