The currency pair Euro to British Pound EUR/GBP is trading at 0.8410. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in the pair Euro Pound. It is expected to test the area of signal lines near the level of 0.8440, 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.
EUR/GBP forecast Euro to British Pound on May 12, 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. The cancellation of the fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.8460, which will indicate a change in the downward trend in favor of the upward trend. Expect to accelerate the fall in quotations EUR/GBP is with the breakdown of the local minimum area at 0.8365.
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