EUR/GBP Technical Analysis: Bulls defending the 0.8900 figure can lift EUR/GBP to 0.8974 level

• EUR/GBP bulls are unwilling to let go of the main bull trend as they busy supporting the market above the 0.8900 figure.
• The RSI, Stochastics and MACD are pointing upwards suggesting that the bulls have what it takes to reach 0.8940 August 14 high and 0.8974 (September 6 low).  
• A bear breakout below  0.8876, September 11 low, would invalidate the bullish bias.

EUR/GBP 4-hour chart

Spot rate:                0.8925
Relative change:     0.23%      
High:                       0.8929
Low:                        0.8888

Main Trend:            Bullish

Resistance 1:         0.8940 August 14 high
Resistance 2:         0.8974 September 6 low
Resistance 3:         0.9000 figure

Support 1:              0.8896 August 14 swing low
Support 2:              0.8876 September 11 low
Support 3:              0.8840 supply level