• Bearish bias building on the daily chart

• Our 0.8318 long play looking more vulnerable

• Bearish cross, 10DMA below 100DMA, adding pressure

• Daily cloud top at 0.8334 joins the 10DMA on top

• Cloud base is rising, currently 0.8297: twist out to Feb. 17 at 0.8334-35

• Momentum readings remain negative but RSI is flat lining at 43.00

• Risk for the session is to the downside.

• EUR/GBP Trader EUR/GBP Trader: [page:2343]
EUR/GBP daily candle chart:

(Peter Stoneham is a Reuters market analyst. The views expressed are his own.)