Currency pair Euro to British Pound EUR/GBP is trading at 0.8710. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair Euro to Pound. A test of the signal line area near the level of 0.8680 is expected, from which one should expect an attempt of growth and development of the bullish tendency for the pair with the target of growth near the level of 0.8800.
EUR/GBP forecast Euro to British Pound on May 30, 2017
Earlier, we received a weak signal for purchases of the pair Euro to Pound, due to the crossing of the signal lines at the level of 0.8432. The cancellation of the growth of the quotations of the pair will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 0.8610, 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 0.8775.
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