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  • EUR/GBP main bull trend remains intact as Draghi goes hawkish.
  • EUR/GBP is currently trading above its 50, 100 and 200-period simple moving averages while the RSI, MACD and Stochastics are bullishly configured.  
  • A continuation upward remains likely with targets at 0.9032 (August 9 high) and 0.9100 (current 2018 high).

EUR/GBP 4-hour chart

Spot rate:                0.8974
Relative change:      -0.11%      
High:                       0.8990
Low:                        0.8935

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