EUR/GBP Technical Analysis: Euro gets small boost to 0.8865 after Merkel/Seehofer agreement on immigration

• EUR/GBP got a 15-pip boost after Chancellor Merkel and Interior Minister Seehofer have reached a compromise agreement.
• Germany’s Seehofer: We have a clear solution to stopping illegal immigration at the German-Austrian border.
• EUR/GBP tried to rise to its daily highs but the boost seems to be short-lived as EUR/GBP is currently capped by the 0.8868 level, the weekly 50-period SMA and the 0.8900 figure.  

EUR/GBP 15-minute chart

Spot rate:                0.8855

Relative change:     0.09%      
High:                       0.8870
Low:                        0.8834

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