The currency pair Euro to British Pound EUR/GBP is trading at 0.8483. 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 0.8520, from which one should expect an attempt to fall and develop a bearish tendency for a pair to fall near the level of 0.8440.
Ichimoku Kinko Hyo EUR/GBP forecast on April 13, 2017
Earlier, a strong signal was received for the sale of the pair Euro Pound, due to the intersection of the signal lines at the level of 0.8550. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotes above the area of 0.8590, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotations EUR/GBP is with the breakdown of the local minimum area at 0.8480.
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