• A big swing lower late in the Wed session and a EUR close under its cloud

• A long upper candle shadow keeps the emphasis on the downside

• Early Thurs and EUR/GBP opens below the cloud base, 0.8340

• Fourteen-day momentum increasingly negative and RSI falling

• Initial support at the 100-day moving average, 0.8333

• We lean bearish and look for better levels to reinstate our short

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

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