The currency pair Euro to Pound EUR/GBP is trading at 0.8722. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the pair Euro/Pound. The Ichimoku Kinko Hyo Cloud upper limit test is expected near 0.8710, from which it is expected to try to grow and develop the bullish tendency for the pair with the purpose of growth near the level of 0.8820. An additional signal in favor of an upward trend is also the support area test.
EUR/GBP forecast Euro Pound on June 8, 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 0.8725. The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 0.8670, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations EUR/GBP stands with the breakdown of the local maximum area at the level of 0.8790.
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