EUR/GBP Technical Analysis: Euro bulls challenging the 0.8900 figure

• EUR/GBP is trading in a bull trend above the 200-period simple moving average on the 4-hour chart. 
• EUR/GBP is holding above 0.8850 as the 50 SMA crossed above the 100 SMA. Technical indicators remain bullish although the Stochastic is in oversold condition. 
• The next level to break for bulls is 0.8900 followed by the 0.8950 level. Meanwhile, a break below 0.8800 would most likely be a warning signal for bulls.

EUR/GBP 4-hour chart

Spot rate:                0.8879
Relative change:     0.06%     
High:                       0.8893
Low:                        0.8861

Main Trend:            Bullish

Resistance 1:         0.8876 September 11 low
Resistance 2:         0.8900 figure 
Resistance 3:         0.8950 figure
Resistance 4:         0.9000 figure

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