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  • EUR/GBP is resuming its main bull trend as the GBP has been hit hard by comments from UK Prime Minister Theresa May which warned of a potential “no deal” on Brexit.
  • EUR/GBP bulls objective is re-conquer the 0.9000 figure and the  0.9032 level (August 9 high).  
  • EUR/GBP bulls made a statement as they re-conquered the 50, 100 and 200-period simple moving averages while the RSI, MACD and Stochastics indicators have turned bullish. Dips are likely going to become buying opportunities.

EUR/GBP 4-hour chart

Spot rate:                0.8981
Relative change:      1.19%      
High:                       0.8995
Low:                        0.8872

Main Trend:            Bullish

Resistance 1:         0.9000 figure
Resistance 2:         0.9032 August 9 high
Resistance 3:         0.9100, current 2018 high

Support 1:         0.8974 September 6 low
Support 2:         0.8940 August 14 high
Support 3:         0.8896 August 14 swing low
Support 4:         0.8876 September 11 low
Support 5:         0.8840 key level
Support 6:         0.8800 figure