As we suggested, the pair EUR_GBP resumed their descend movement. But yet remains unclear, what is forming – a correction in the limit of the UO-trend or it is, after all, the market u-turn in favor of the Pound. Meanwhile, MACD allows a possibility of the Euro reduction in value. Therefore we can examine a possibility for the calculated level reaching - near the 0.8690 and then until the 0.8640.

Analysis prepared by:

Maxim Dmitrievsky
Forex4you analyst