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.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link