EUR/GBP Technical Analysis: Euro moves up and revisits Monday’s high at 0.8833

• Euro bulls lifted the currency cross about 40 pips from its daily low and tested Monday’s high at 0.8833.  
• However, the bulls will need to break the 0.8839-0.8844 area, which is the 200-day simple moving average and the 6 week’s high in order to extend to bull trend.  
• In the absence of a bull breakout above 0.8839-0.8844 area, EUR/GBP is seen consolidating in the 0.8789-0.8833 area.  

EUR/GBP 15-minute chart

Spot rate:                0.8824      

Relative change:      0.19%      
High:                       0.8833
Low:                        0.8789

Trend:                     Bullish

Resistance 1:         0.8839-0.8844 area, 200-day SMA and 6 week’s high
Resistance 2:         0.8869 weekly 50-period SMA
Resistance 3:         0.8900 round figure

Support 1:              0.8789 current Tuesday’s low
Support 2:              0.8754 daily 50-period SMA
Support 3:              0.8723, 5 June low