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  • EUR/GBP main bull trend is on hold as the market is trapped in an endless pullback since September 21.  
  • EUR/GBP is now approaching the weekly low at 0.8859. It will be interesting to see if bulls can support the market above the 0.8859 level. The RSI, MACD and Stochastics indicators have turned bearish while EUR/GBP is trading below its 50, 100 and 200-period simple moving averages.  
  • A bear breakout below 0.8847 (September 20 low) would be seen as bearish.

EUR/GBP Technical Analysis

Spot rate:                0.8872
Relative change:    -0.28%      
High:                       0.8920
Low:                        0.8859

Main Trend:            Bullish

Resistance 1:         0.8896 August 14 swing low
Resistance 2:         0.8940 August 14 high
Resistance 3:         0.8974 September 6 low
Resistance 4:         0.9000 figure
Resistance 5:         0.9032 August 9 high
Resistance 6:         0.9100, current 2018 high

Support 1:         0.8876 September 11 low
Support 2:         0.8847 September 20 low
Support 3:         0.8800 figure