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  • EUR/GBP bulls are trying hard to push the currency cross higher, however, the bull move lacks any kind of strong momentum as EUR/GBP only advanced about 25 pips in the American session and the Relative Strength Index (RSI) indicator is not confirming the move higher.
  • However, if bulls are successful in the breakout above 0.8800 it can lead to a retest of the 0.8840 supply level.

EUR/GBP 15-minute chart

Spot rate:                0.8818

Relative change:     0.35%      
High:                       0.8821
Low:                        0.8780

Trend:                     Neutral

Resistance 1:         0.8822-0.8840 area, 200-day SMA and supply level
Resistance 2:         0.8861 weekly 50-period SMA
Resistance 3:         0.8900 figure
 
Support 1:              0.8800 figure
Support 2:              0.8763 daily 50-period SMA      
Support 3:              0.8720, June low
Support 4:              0.8700 figure