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  • EUR/GBP bears are testing the strength of the main bull trend.  
  • EUR/GBP is pulling back on Monday and is currently testing Friday’s low. Bulls are trying to create an intraday double bottom in order to break above the trendline and reach the 0.8900 level.
  • A sustained breakout below 0.8940 would invalidate the bullish outlook.  

EUR/GBP 15-minute chart  

Spot rate:                0.8953

Relative change:      -0.21%      
High:                       0.8977
Low:                        0.8939

Main Trend:            Bullish

Resistance 1:         0.8965 supply/demand level
Resistance 2:         0.9000 figure
Resistance 3:         0.9032 current 2018 high

Support 1:              0.8940 August 14 high
Support 2:              0.8900 July 9 high
Support 3:              0.8868, 13 July high
Support 4:              0.8840 supply level