EUR/GBP Technical Analysis: Euro bulls knocking at the 0.8847 resistance once again

• EUR/GBP is attempting to break above the 0.8847 resistance and the 200-period simple moving average on the 4-hour chart.  
• EUR/GBP has been gaining strength since October 10 as technical indicators are in bullish territories.  
• A break above 0.8847 would open the gates to 0.8900 figure. On the flip side, a break below 0.8800 would likely see the resumption of the bear trend.  

EUR/GBP 4-hour chart

Spot rate:                0.8841
Relative change:     0.08%      
High:                       0.8849
Low:                        0.8815

Main Trend:            Neutral

Resistance 1:         0.8847 September 20 low  
Resistance 2:         0.8876 September 11 low
Resistance 3:         0.8900 figure  
Resistance 4:         0.9000 figure

Support 1:              0.8800 figure
Support 2:              0.8752 October 16 low
Support 3:              0.8722 October low