EUR/GBP Technical Analysis: Sterling bulls take the lead as Barnier says that Brexit treaty is coming

• EUR/GBP is trading in a bear trend below its 200-period simple moving average (SMA).
• EUR/GBP is down to 0.8722 support as GBP is gaining strength. In fact, Barnier (The European Union chief Brexit negotiator) said that that the main elements of Brexit treaty are ready, helping Sterling.
• The main trend remains in place with 0.8700 and 0.8665 as the next levels of support.  

EUR/GBP 4-hour chart

Main Trend:            Bearish

Resistance 1:              0.8752 October 16 low
Resistance 2:              0.8800 figure
Resistance 3:              0.8847 September 20 low  
Resistance 4:              0.8876 September 11 low

Support 1:              0.8722 October low
Support 2:              0.8700 figure
Support 3:              0.8665 March 22 low
Support 4:              0.8600 figure

Additional key levels at a glance: