EUR/GBP Technical Analysis: EUR/GBP starting the week with a boost – Trading above 0.8920 level

• EUR/GBP got a 50-pip boost as the week started. The market is currently consolidating the recent gains just below the 0.8937 resistance.  
• EUR/GBP bulls next objective is to breakout above 0.8937 resistance in order to reach 0.8957 and 0.8967 July 20 high.
• Further gains on Monday might be limited as EUR/GBP has already exceeded its average daily range of 41 pips. Bulls will try to support the market above the 0.8900 level.

EUR/GBP 15-minute chart

Spot rate:                0.8928

Relative change:     0.34%      
High:                       0.8934
Low:                        0.8888

Trend:                     Bullish

Resistance 1:         0.8937 July 31 high
Resistance 2:         0.8957 July 20 high
Resistance 3:         0.8967 March 7 high
Resistance 4:         0.9013 November 12, 2017 high

Support 1:              0.8920 supply level
Support 2:              0.8900 July 9 high
Support 3:              0.8868, 13 July high
Support 4:              0.8840 supply level
Support 5:              0.8820-0.8840 area, 200-day SMA  
Support 6:              0.8800 figure
Support 7:              0.8780 daily 50-period SMA
Support 8:              0.8764 June 8 low