EUR/GBP Technical Analysis: GBP boosted by UK Members of Parliament voting on Lords amendments to the EU withdrawal bill.

• EUR/GBP melts down about 55 pips and revisits weekly lows as UK Members of Parliament are voting on Lords amendments to the European Union withdrawal bill. More info here: Brexit: FX market outlook & strategy looks to 0.8965 or 0.8700 – TDS.  
• The trend is rather neutral as EUR/GBP is likely to consolidate the recent sell-off in the coming hours.

EUR/GBP 15-minute chart

Spot rate:                0.8788    

Relative change:     -0.23%      
High:                       0.8833
Low:                        0.8776

Trend:                     Neutral

Resistance 1:         0.8790 demand/supply level
Resistance 2:         0.8839-0.8844 area, 200-day SMA and 6 week’s high
Resistance 3:         0.8869 weekly 50-period SMA

Support 1:              0.8754 daily 50-period SMA
Support 2:              0.8723, 5 June low
Support 3:              0.8700 last week’s low