Currency pair Euro to British Pound EUR/GBP is trading at 0.8484. The pair broke through the Ichimoku Kinko Hyo Cloud and began to trade above its upper limit, which indicates an upward trend in the pair Euro to British Pound. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.8460, from which one should expect an attempt of growth and moving of the bullish tendency on the pair with the purpose of growth near the level of 0.8550.
EUR/GBP forecast Euro to Pound on May 16, 2017
Earlier, a weak signal was received for buy of the pair Euro to British Pound, due to the crossing of signal lines at the level of 0.8432. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.8420, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations EUR/GBP with the breakdown of the maximum area at 0.8520.
