• Pull of the February 17 cloud twist deals our long play a blow

• EUR/GBP slips back below its daily cloud

• Tight early price action limiting the damage so far

• Negative momentum is fading and RSI continues to flat line

• From Monday the cloud begins to rise, which could drag on further weakness

• Positive close on the week, added to last week's doji could help our cause

• 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.)