As with GBP/USD a EUR/GBP cloud failure could prove significant

Only a very thin daily cloud, 0.8513-14, but cross struggled Wed to breach

Subsequent pullback threatens to negate the recent 0.8493-0.8610 rally

We are short from 0.8590 for 0.8505 with a stop at 0.8630

A double top at 0.8610 and triple base at 0.8566

Fibo off 0.8493-0.8610 at 0.8565 and off 0.8701-0.8493 at 0.8622

Momentum readings are negative and daily RSI lower

Increasing bearish risk

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