Currency pair EUR/GBP Euro to British Pound is trading at 0.8824. The pair continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates a bearish trend in the pair Euro/Pound. Ichimoku Kinko Hyo Cloud is expected to test near the 0.8830 level, from which it is expected to attempt a rebound and further develop the bearish trend with a view to falling near the level of 0.8715.
Euro Pound forecast EUR/GBP on November 8, 2017
Earlier, a weak signal was received for the sell of the pair Euro/Pound, due to the crossing of the signal lines at the level of 0.8835. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.8895, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations EUR/GBP is at the breakdown level of 0.88.
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