Currency pair Euro Pound EUR/GBP continues to move in growth. At the time of publication of the Forex forecast, the Euro to British Pound exchange rate is 0.8917. At the moment, we can expect a test of the support level near the 0.8865 area, then a rebound and continued growth of the EUR/GBP quotes to the area above the level of 0.9040.
EUR/GBP Forecast Euro Pound November 1, 2018
A test of the trend line on the relative strength index (RSI) will be in favor of the EUR/GBP pair. Cancellation of the growth option of the Euro Pound currency pair quotes on Forex will be a fall and a breakdown level of 0.8845, which will indicate a breakdown of the lower border of the channel and the continuation of the fall of EUR/GBP quotes to the area below the level of 0.8750. The pair is expected to accelerate growth with a breakdown of the resistance area and closing of quotes above the level of 0.8955.
EUR/GBP Forecast Euro Pound November 1, 2018 suggests an attempt to test the support area near the level of 0.8865 and continued growth of the pair to the area above the level of 0.9040, in favor of growth will be a test of the trend line on the relative strength index (RSI), cancellation of the growth option of the currency pair quotes a fall and a breakdown of the 0.8845 area.