The currency pair Euro to British Pound EUR/GBP is trading at 0.8431. The pair broke through the Ichimoku Cloud and traded below its lower limit, which indicates a downward trend in the Euro Pound pair. It is expected to test the lower boundary of the Ichimoku Cloud near the level of 0.8440, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a target of growth near the level of 0.8360.
Ichimoku Kinko Hyo EUR/GBP prediction on May 10, 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 0.8463. 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 0.8475, 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 0.8370.
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