EUR/GBP Technical Analysis: Consolidation phase after last week’s bull run – EUR/GBP trading near 0.8930

• EUR/GBP is currently in consolidation mode after seeing a 100-pip advance last week. The main supports are likely located near the 0.8900 figure and 0.8868, 13 July high while resistances to the upside are seen near 0.8933 July 18 high 0.8967 March 7 high.  
• The currency cross is likely set to trade in a tight trading range as all the main simple moving averages are coiling together and trading flat.  

EUR/GBP 15-minute chart  

Spot rate:                0.8927

Relative change:     0.03%      
High:                       0.8938
Low:                        0.8910

Trend:                     Bullish / Sideways correction

Resistance 1:         0.8933 July 18 high
Resistance 2:         0.8967 March 7 high
Resistance 3:         0.9013 November 12, 2017 high

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