EUR/GBP Technical Analysis: EUR/GBP bulls at daily highs near 0.8840 level

• EUR/GBP bulls are trying to breakout above 0.8840 resistance.
• EUR/GBP tight trading range price action is persisting once again this Monday as EUR/GBP is supported by the 200-day period simple moving average at the 0.8820 level.
• However, the buy and sell forces at work are very much in equilibrium and the directionality of the currency cross remains close to 50/50 at this stage. 

EUR/GBP 15-minute chart 

Spot rate:                0.8841

Relative change:     0.14%     
High:                       0.8844
Low:                        0.8816

Trend:                     Neutral

Resistance 1:         0.8840 supply level
Resistance 2:         0.8864-0.8870, weekly 50-period SMA and current weekly high
Resistance 3:         0.8900 figure 
Resistance 4:         0.8967 March 7 high

Support 1:              0.8820-0.8840 area, 200-day SMA 
Support 2:              0.8800 figure
Support 3:              0.8780 daily 50-period SMA
Support 4:              0.8764 June 8 low