The currency pair Euro Pound EUR/GBP is trading at 0.8533. 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 lower boundary of the Ichimoku Cloud near the level of 0.8590, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a target of falling near the level of 0.8440.
Ichimoku Kinko Hyo EUR/GBP Prediction on April 7, 2017
Earlier, a weak signal was received for purchases of the pair Euro Pound, due to the crossing of signal lines at the level of 0.8560. The 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 0.8630, which will indicate a change in the downward trend in favor of the ascending trend.
Expect to accelerate the fall in quotations EUR/GBP stands with the breakdown of the local minimum area at 0.8500, but it is worth waiting for the corresponding signal in the sale of the intersection of signal lines.
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