The currency pair Pound Euro Pound EUR/GBP is trading at 0.8653. The pair is trading below the Ichimoku Cloud level, which indicates a downward trend in the pair, previously a weak signal was received in favor of euro pound sales due to the crossing of the signal lines.
Ichimoku Kinko Hyo forecast EUR/GBP on March 23, 2017
At the moment, we should expect the test of the lower boundary of the Ichimoku Cloud near the level of 0.87, from which we should expect the pair to continue falling below 0.8570. Canceling the option of reducing the pair of euro pound will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of the pair’s quotes above the area of 0.8730, indicating a possible change in the trend in favor of the upside. Expect to accelerate the fall of the pair EUR/GBP is with the breakdown of the local minimum area.
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