EUR/GBP Technical Analysis: 0.9000 target mission accomplished – More up soon

• EUR/GBP bulls are maintaining the bear trend intact as the 0.9000 target has been reached.  
• EUR/GBP is trading in a bull channel and as the market is testing 0.9000 strong resistance, more consolidation might be needed before the market makes the next move up. Targets to the upside are 0.9032 current 2018 high and the 0.9100 figure.  
• A sustained bear breakout below 0.8940 would invalidate the bullish bias.  

EUR/GBP 15-minute chart

Spot rate:                0.8995

Relative change:      0.28%      
High:                       0.9006
Low:                        0.8962

Main Trend:            Bullish

Resistance 1:         0.9000 figure
Resistance 2:         0.9032 current 2018 high
Resistance 3:         0.9100 figure

Support 1:              0.8965 supply/demand level
Support 2:              0.8940 August 14 high
Support 3:              0.8900 July 9 high
Support 4:              0.8868, 13 July high
Support 5:              0.8840 supply level