The currency pair Euro to Pound EUR/GBP finished the trading week at 0.8369. The pair is trading 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 0.8490, 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 0.8220.
Ichimoku Kinko Hyo Forecast EUR/GBP on April 24 — 28, 2017
Earlier, a weak signal was received for the sale of the pair Euro Pound, due to the intersection of signal lines at the level of 0.8610. 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 0.8710, which will indicate a change in the downward trend in favor of the upward trend. Expect to accelerate the fall in quotations EUR/GBP stands with the breakdown of the local minimum area at the level of 0.8280.
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