• Thursday and Friday long lower candle shadows warned of a price rebound

• Early Monday and the EUR rallied to 0.8360 before easing back to the figure

• EUR/GBP is back inside its daily cloud, the top at 0.8363

• A 50% Fibo just above at 0.8369

• Fourteen day momentum remains negative but poised to flip

• Daily RSI is climbing but not a strong bullish confirmation

• Close above the cloud to bring the 200DMA into play, 0.8395

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

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