EUR/GBP Technical Analysis: Euro bulls reverse monthly losses as 0.8950 is back on the horizon

• EUR/GBP is in a bull trend above the 200-period simple moving average.  
• EUR/GBP is breaking to a new monthly reversing the previous monthly losses. The 50 SMA is about to cross above the 200 SMA while the RSI, MACD and Stochastic indicators are in positive territories; all suggesting bullish continuation.
• Targets to the upside can be seen near 0.8950 figure and 0.8974 September 6 low.  

EUR/GBP 4-hour chart

Main Trend:            Bullish

Resistance 1:         0.8950 figure
Resistance 2:         0.8974 September 6 low
Resistance 3:         0.9000 figure

Support 1:              0.8900 figure  
Support 2:              0.8876 September 11 low
Support 3:              0.8847 September 20 low  
Support 4:              0.8800 figure
Support 5:              0.8752 October 16 low
Support 6:              0.8722 October low

Additional key levels at a glance