EUR/GBP Technical Analysis: Euro bulls traveling north en route to 0.8900 figure

• EUR/GBP is breaking above the 0.8847 resistance and the 200-period simple moving average on the 4-hour chart.  
• EUR/GBP has been gaining strength since October 10 as technical indicators are gaining bullish traction. The 50 SMA crossed above the 100 SMA adding weight to the bullish case.  
• A confirmed break above 0.8847 would open the gates to 0.8900 figure. On the flip side, a break below 0.8800 most likely sees the resumption of the bear trend.  

EUR/GBP 4-hour chart  

Spot rate:                0.8857
Relative change:     0.16%      
High:                       0.8864
Low:                        0.8831

Main Trend:            Bullish

Resistance 1:         0.8847 September 20 low  
Resistance 2:         0.8876 September 11 low
Resistance 3:         0.8900 figure  
Resistance 4:         0.9000 figure

Support 1:              0.8800 figure
Support 2:              0.8752 October 16 low
Support 3:              0.8722 October low