Currency pair Euro Pound EUR/GBP continues to move as part of the fall. At the time of publication of the Forex forecast, the Euro to British Pound exchange rate is 0.8732. At the moment, we can expect a test of the resistance level near the 0.8790 area, then a rebound and a continued decline in the EUR/GBP quotes to the area below the 0.8650 level.
EUR/GBP Forecast Euro Pound October 11, 2018
In favor of reducing the pair EUR/GBP will test the trend line on the indicator of relative strength index (RSI). Cancellation of the option of falling quotes of the Euro Pound currency pair on Forex will be a strong growth and a breakdown level of 0.8815, which will indicate a breakdown of the upper border of the channel and the continued growth of EUR/GBP quotes in the region above the level of 0.8900. It is necessary to wait for confirmation of the pair’s fall with the breakdown of the support area and closing of quotes below the level of 0.8700.
EUR/GBP Forecast Euro Pound October 11, 2018 suggests an attempt to test the resistance area near the level of 0.8790 and the pair continue to fall into the area below the level of 0.8650. the pair will make a strong growth and the breakdown of 0.8815.