The currency pair Euro Pound EUR/GBP is trading at 0.8581. The pair continues to trade below the Ichimoku Cloud, which indicates a downward trend in the pair Euro Pound. It is expected to test the area of signal lines near the level of 0.8620, from which one should expect an attempt to fall and develop a bearish trend for this pair with the aim of dropping the level of 0.8500.
Ichimoku Forecast EUR/GBP on April 3, 2017
Earlier, a medium strength signal was received for the sale of the pair Euro Pound, due to the crossing of the signal lines at the level of 0.8670. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 0.8710, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotes EUR/GBP is with the breakdown of the local minimum area at 0.8545.
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