• Daily RSI is overbought and is turning downward but monthly RSI is rising

• EUR/GBP trades above the 200-DMA and 200-MMA

• The pair also appears to be consolidating recent gains

• Signals lean bullish but this rally may have gone too far too quickly

• Dailies looking stretched and as such we have reinstated the 0.8650 stop

• Target also pushed back to 0.8475

• EUR/GBP Trader TGM2343

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