The currency pair Euro to British Pound EUR/GBP is trading at 0.8662. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the pair Euro to British Pound EUR/GBP. It is expected to test the area of signal lines near the level of 0.8610, 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 0.8740.
EUR/GBP forecast & signals on May 24, 2017
Earlier, we received a weak signal for buy of the pair Euro to British Pound EUR/GBP, due to the crossing of the signal lines at the level of 0.8432. The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 0.8490, which will indicate a shift 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 0.8730.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
