EUR/GBP Technical Analysis: Euro reversing daily gains against Sterling

• EUR/GBP spiked higher this Friday and almost reached the 0.8900 resistance as EUR/GBP is trying to breakout from the 0.8700-0.8840 trading range of the last two months.
• EUR/GBP is back near the 0.8840 area as the market is trying to reintegrate the range.  If bears win, it can lead to an initial  move towards 0.8800.  

EUR/GBP 15-minute chart

Spot rate:                0.8841

Relative change:     0.05%      
High:                       0.8893
Low:                        0.8835

Trend:                      Neutral

Resistance 1:         0.8868 weekly 50-period SMA
Resistance 2:         0.8900 figure  
Resistance 3:         0.8967 March 7 high

Support 1:              0.8822-0.8840 area, 200-day SMA and supply level
Support 2:              0.8800 figure
Support 3:              0.8770 daily 50-period SMA      
Support 4:              0.8720, June low