EUR/GBP Technical Analysis: EUR/GBP hits a 4.5-month high at 0.8933

• EUR/GBP reached a 4.5-month high this Wednesday EUR/GBP traded as high as 0.8933.
• EUR/GBP is now trading above its 50, 100 and 200-period simple moving averages suggesting bullish momentum.
• EUR/GBP next resistances to the upside are likely located near the current Wednesday’s high at 0.8933 and at 0.8967, March 7 high. Near-term supports are seen near the 0.8900 figure and 0.8868, 13 July high.

EUR/GBP 15-minute chart  

Spot rate:                0.8914

Relative change:     0.26%      
High:                       0.8933
Low:                        0.8874

Trend:                     Bullish

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 2:              0.8840 supply level
Support 3:              0.8820-0.8840 area, 200-day SMA  
Support 4:              0.8800 figure
Support 5:              0.8780 daily 50-period SMA
Support 6:              0.8764 June 8 low