Currency pair EUR/GBP Euro to British Pound is trading at 0.8804. 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. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 0.8805, from which it is expected to attempt a rebound and further develop the bearish trend with a target to falling near the level of 0.8685.
Euro Pound forecast EUR/GBP on November 9, 2017
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 0.8835. 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 quotes above the area of 0.8895, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations EUR/GBP is at the breakdown level of 0.88.