Currency pair Euro to British Pound EUR/GBP is trading at 0.8646. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the pair Euro to British Pound. The pair EUR/GBP is expected to fall near the level of 0.8620, where it is expected to try to grow and develop the bullish tendency for the pair with the purpose of growth near the level of 0.8720.
EUR/GBP forecast Euro to US Dollar on May 26, 2017
Earlier, a weak signal was received for purchases of the pair Euro to Pound, due to the crossing of signal lines at the level of 0.8432. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 0.8550, 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 0.8690.
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