• A Tues close below the daily cloud and new trend low at 0.8335 Wed

• Next key support is at 0.8333, the 100DMA

• The average is flat lining but has supported since March 6

• Daily RSI confirming the latest drop and 14-day momentum is negative

• Looking for a thin Ichimoku cloud, 0.8340-48 to stall rebounds

• We are short from 0.8408 with a trailing 0.8385 stop

• EUR/GBP Trading Page
EUR/GBP daily candle chart:

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