The currency pair Euro to Pound EUR/GBP finished the trading week at the level of 0.8468. The pair is trading below the lower boundary of the Ichimoku Cloud, indicating a downward trend in the pair Euro Pound. A test of the signal line area near the level of 0.8570 is expected, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a view to lower near the level of 0.8340.
Ichimoku Kinko Hyo EUR/GBP Forecast on April 17 — 21, 2017
Earlier, a weak signal was received for the sale of the pair Euro Pound, due to the crossing of the signal lines at the level of 0.8630. 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 0.8690, which will indicate a change in the downward trend in favor of the ascending trend. Expect the acceleration of the fall in quotes EUR/GBP stands with the breakdown of the local minimum area at 0.8440.
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