EUR/GBP Technical Analysis: Euro currently supported at 0.8850 level

• EUR/GBP found resistance at 0.8870 the current weekly high earlier in the session and is now testing the 50-period simple moving average and the bullish trendline.
• EUR/GBP bears want a breakout below the trendline while bulls need to claim prices above 0.8864-0.8870 area, the weekly 50-period SMA and current weekly high.

EUR/GBP 15-minute chart  

Spot rate:                0.8854

Relative change:     0.18%      
High:                       0.8870
Low:                        0.8835

Trend:                     Neutral

Resistance 1:         0.8864-0.8870, weekly 50-period SMA and current weekly high
Resistance 2:         0.8900 figure  
Resistance 3:         0.8967 March 7 high

Support 1:              0.8822-0.8840 area, 200-day SMA and supply level
Support 2:              0.8800 figure
Support 3:              0.8780 daily 50-period SMA
Support 4:              0.8764 June 8 low