• Impressive two-day EUR/GBP rally, 0.8325 to 0.8471

• Set to better the January and 2025 0.8473 high

• There is an overbought condition on the daily chart

• Pullback risk is high but dips might provide better entry levels

• An April 21 0.8358-60 cloud twist could drag on further EUR gains

• Weekly action has banged into a thick and falling Ichimoku cloud

• Cloud parameters are 0.8464-0.8538

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

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