EUR/GBP Technical Analysis: EUR/GBP bears fading the hawkish comments from ECB members

• EUR/GBP rebounded from the 0.8800 level after ECB members saw rate hikes at the end of 2019 as ‘too late’ according to Bloomberg.  
• EUR/GBP got a 20-pip boost on the hawkish news but bears have been quick to fade the breakout as EUR/GBP is already back near the daily lows at the time of writing.  
• The bearish bias remains in place as EUR/GBP keeps trading below its 200-period simple moving average.

EUR/GBP 15-minute chart  

Spot rate:                0.8810

Relative change:     -0.28%      
High:                       0.8842
Low:                        0.8799

Trend:                     Bearish

Resistance 1:         0.8822-0.8840 area, 200-day SMA and supply level
Resistance 2:         0.8868 weekly 50-period SMA
Resistance 3:         0.8900 figure  
Resistance 4:         0.8967 March 7 high

Support 1:              0.8800 figure
Support 2:              0.8780 daily 50-period SMA
Support 3:              0.8764 June 8 low