EUR/GBP Technical Analysis: EUR/GBP reaches 0.8870 support

• EUR/GBP reached the 0.8868 support from which EUR/GBP had a 20-pip bounce up.  
• EUR/GBP is having trouble to trade again its 200-period simple moving average which is acting as dynamic resistance.
• EUR/GBP is now trading for the second day in a row in the 0.8868-0.8900 range and Thursday might close virtually unchanged suggesting that the bearish correction is slightly slowing down but there is no sign of a bottom just yet.  

EUR/GBP 15-minute chart  

Spot rate:                0.8883

Relative change:     -0.09%      
High:                       0.8897
Low:                        0.8864

Trend:                     Bullish / Bearish correction

Resistance 1:         0.8900 July 9 high
Resistance 2:         0.8933 July 18 high
Resistance 3:         0.8967 March 7 high
Resistance 4:         0.9013 November 12, 2017 high

Support 1:              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