EUR/GBP Technical Analysis: Short-term resistance at 0.8920 level

• The bearish consolidation of the last weeks seems to have come to an end as EUR/GBP broke above the 0.8900 level. EUR/GBP is now trading above widening 50, 100 and 200-period simple moving averages suggesting a bullish bias.
• However, further gains this Monday are likely to be limited as EUR/GBP reached its average daily range of 40 pips. 
• The next resistance to overcome to the upside are likely located near 0.8933 July 18 high and 0.8967 March 7 high while supports can be expected at the 0.8900 level and 0.8868, 13 July high.

EUR/GBP 15-minute chart 

Spot rate:                0.8917

Relative change:     0.21%     
High:                       0.8920
Low:                        0.8880

Trend:                     Bullish

Resistance 1:         0.8920 weekly high
Resistance 2:         0.8933 July 18 high
Resistance 3:         0.8967 March 7 high
Resistance 4:         0.9013 November 12, 2017 high

Support 1:              0.8900 July 9 high
Support 2:              0.8868, 13 July high
Support 3:              0.8840 supply level
Support 4:              0.8820-0.8840 area, 200-day SMA 
Support 5:              0.8800 figure
Support 6:              0.8780 daily 50-period SMA
Support 7:              0.8764 June 8 low