The most interesting pair you can make money with - EUR/GBP

EUR/GBP: weekly breakdown. This pair is on bearish market condition located below Ichimoku cloud in the primary bearish area of the chart. The price is breaking 0.7039 support level from above to below on close weekly bar for the bearish breakdown to be continuing with 0.6935 as the next bearish target. The bullish reversal level is 0.7492 located on reversal between the primary bearish and the primary bullish trend of the chart.

There are 3 simple scenarios for the price movement for the week:

• bearish breakdown to be continuing in case the price breaks 0.6935 support,
  
• bullish reversal to be started in case the price breaks 0.7492 resistance from below to above,
• or the ranging within the levels.
  

Chinkou Span line crossed the price to below for the breakdown.

There are the following news events which will be affected on EUR/GBP price movement for the week:

• 2015-11-17 09:30 GMT | [GBP - CPI]
• 2015-11-17 10:00 GMT | [EUR - German ZEW Economic Sentiment]
• 2015-11-17 13:30 GMT | [USD - Core CPI]
• 2015-11-18 19:00 GMT | [USD - FOMC Meeting Minutes]
• 2015-11-19 09:30 GMT | [GBP - Retail Sales]
• 2015-11-19 15:00 GMT | [USD - Philadelphia Fed Business Outlook Survey]
• 2015-11-20 08:00 GMT | [EUR - ECB President Draghi Speaks]