Currency pair EUR/GBP Euro to British Pound is trading at 0.9004. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair Euro/Pound. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.8960, from which it is expected to attempt a rebound and further development of the bullish trend with the target of growth near the level of 0.9100.
Euro Pound forecast EUR/GBP on October 23, 2017
Earlier, a medium strength signal was received for buy of the pair Euro/Pound, due to the crossing of signal lines at the level of 0.8905. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.8895, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations EUR/GBP stands with the breakdown of the upper boundary of the rising channel and the closing above the level of 0.9130.
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