The currency pair Euro to Pound EUR/GBP is trading at 0.8484. The pair continues to trade below the lower boundary of the Ichimoku Cloud, indicating a downward trend in the pair Euro Pound. It is expected to test the area of signal lines near the level of 0.8530, from which one should expect an attempt to fall and develop a bearish tendency for a pair with the aim of falling near the level of 0.8430.
Ichimoku Kinko Hyo EUR/GBP forecast on April 14, 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 0.8570, which will indicate a change in the downward trend in favor of the upward trend. Expect to accelerate the fall in quotes EUR/GBP is with the breakdown of the local minimum area at 0.8470.
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