• EUR/GBP fell to a 29-mth low Tue, bounced and traded tight on the session

• A minimum correction of the recent 0.8462-0.8319 drop is at 0.8353

• A daily doji candle formed and daily RSI failed to confirm the new low

• Daily RSI is also deeply oversold

• We went long at market, 0.8323, for 0.8395

• This is a counter trend trade so a tight stop is used

• A mthly inverted hammer and falling RSI imply rallies may be limited

• EUR/GBP Trader TGM2343

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