EUR/GBP Technical Analysis: Bearish pullback goes on

• EUR/GBP is consolidating for the fourth day in a row. Bulls want to resume the bull trend but they need at least convincing break above 0.8937. 
• On the flip side, bears want to keep the currency cross below the 200-period simple moving averages on the 15-minute chart and below 0.8937. 
• A breakout below 0.8900 can lead to a test of 0.8868 and 0.8840 supply level. 
   

EUR/GBP 15-minute chart 

EUR/GBP daily chart 

Spot rate:                0.8923

Relative change:    -0.19%     
High:                       0.8948
Low:                        0.8896

Main Trend:            Bullish

Resistance 1:         0.8937 July 31 high
Resistance 2:         0.8957/67 area, July 20 high and March 7 high 
Resistance 3:         0.9019 August 9 high
Resistance 4:         0.9109 September 8, 2017 low
Resistance 5:         0.9160 August 23, 2017 low

Support 1:              0.8920 supply level
Support 2:              0.8900 July 9 high
Support 3:              0.8868, 13 July high
Support 4:              0.8840 supply level
Support 5:              0.8820-0.8840 area, 200-day SMA 
Support 6:              0.8800 figure
Support 7:              0.8780 daily 50-period SMA
Support 8:              0.8764 June 8 low