Currency pair EUR/GBP Euro to British Pound is trading at 0.8868. The pair continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates a bearish trend in the pair Euro/Pound. Ichimoku Kinko Hyo Cloud is expected to test near the 0.8875 level, from which it is expected to attempt a rebound and further develop the bearish trend with the target of falling near the level of 0.8780.
Euro Pound forecast EUR/GBP on March 15, 2018
An additional signal in favor of the fall is the resistance level test. Earlier, a weak signal was received for the sell of the pair Euro/Pound, due to the crossing of the signal lines at the level of 0.8925.
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 0.8930, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes EUR/GBP stands with the breakdown of the lower border of the bullish channel and the closing below the level of 0.8805.
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