EUR/GBP Technical Analysis: Ranging for third consecutive day

• EUR/GBP is trading sideways for the third consecutive day contained in the 0.8868-0.8900 range. 
• EUR/GBP is consolidating the July 16-20 bull run.
• Both parties are in equilibrium as bulls would need a breakout above 0.8900 and bears below 0.8868 in order to establish a clear directionality. However, bears have currently a slight advantage as EUR/GBP is trading mainly below its main simple moving averages (50, 100 and 200)

EUR/GBP 15-minute chart

Spot rate:                0.8880

Relative change:     -0.02%     
High:                       0.8896
Low:                        0.8873

Trend:                     Neutral

Resistance 1:         0.8900 July 9 high
Resistance 2:         0.8933 July 18 high
Resistance 3:         0.8967 March 7 high
Resistance 4:         0.9013 November 12, 2017 high

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