Currency pair Euro to British Pound EUR/GBP is trading at 0.8583. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair Euro to British Pound. It is expected to test the area of signal lines near the level of 0.8530, from which one should expect an attempt to grow and develop a bullish trend for a pair EUR/GBP with the target of growth near the level 0.8680.
EUR/GBP forecast & analysis on May 22, 2017
Earlier, we received a weak signal for buy of the pair Euro to British Pound EUR/GBP, due to the crossing of the signal lines at the level of 0.8432. The cancellation of the growth of the quotes of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 0.8470, which will indicate a change in the upward trend in favor of the bearish trend. Expect to accelerate the growth of quotations EUR/GBP stands with the breakdown of the local maximum area at 0.8640.