Currency pair EUR/GBP Euro to British Pound is trading at 0.8736. The pair continues to trade within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend for the pair Euro/Pound. Ichimoku Kinko Hyo Cloud is expected to test near the 0.8750 level, from which it is expected to attempt a rebound and further develop the bearish trend with a view to falling near the level of 0.8650.
Euro Pound forecast EUR/GBP April 9, 2018
An additional signal in favor of the drop will be a test of the resistance area, as well as a test of the upper boundary of the bearish channel. Earlier, a medium strength signal was received for the sell of the Euro/Pound pair, due to the crossing of the signal lines at the level of 0.8745.
The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.8775, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations EUR/GBP stands with the breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo and the closing below the level of 0.8730.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
