EUR/GBP Technical Analysis: Clears 100-hour SMA hurdle near 0.8900 handle

   •  After yesterday's good two-way price action, the cross regained positive traction on Tuesday and is now looking to build on its momentum beyond 100-hour SMA. 

   •  Technical indicators on the 1-hourly chart have started gaining positive momentum and thus, increase prospects for an additional intraday up-move.

   •  A convincing break through 38.2% Fibonacci retracement level of the 0.9000-0.8858 recent downfall will further add credence to the constructive outlook. 

EUR/GBP 1-hourly chart

Spot Rate: 0.8904
Daily Low: 0.8867
Trend: Intraday bullish 

Resistance
R1: 0.8915 (overnight swing high)
R2: 0.8927 (50% Fibo. level)
R3: 0.8944 (R2 daily pivot-point)

Support
S1: 0.8875 (horizontal zone)
S2: 0.8858 (1-1/2 week low set yesterday)
S3: 0.8828 (S2 daily pivot-point)