The currency pair Euro Pound EUR GBP continues to move within the framework of the formation of the bearish Forex model of the Shark, which indicates a potential drop from the current levels to the lower boundary of the uplink at 0.8540.
EUR/GBP Forecast Euro/Pound on March 9, 2017
Near the area of the lower boundary of the ascending channel, one should expect the completion of the formation of the bullish 5-0 model, which will indicate a potential rebound and the continuation of the euro’s pound quotations to the area above the level of 0.8750.
In favor of the fall option is the resistance area test on the indicator of relative strength, the abolition of the variant of the quotations decrease Euro Pound will break through the area of 0.87, which will indicate the abolition of the Shark model.
EUR/GBP Forecast Euro/Pound on March 9, 2017 suggests an attempt to fall below 0.8530 as part of the start of the downstream Shark model, near the level of 0.8530, one should expect an attempt to grow the pair.
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