EUR/GBP Technical Analysis: Minor pullback on the cards

• The EUR/GBP 15-minute chart shows a bearish price-relative strength index (RSI) divergence.
• The pair could test rising trendline support of 0.88. A break below that level would open the doors to a deeper pullback to 0.8780.

15-min chart

Spot Rate: 0.8815

Daily High: 0.8820

Daily Low: 0.8810

Trend: Minor pullback on cards

Resistance

R1: 0.8803 (rising trendline)

R2: 0.8773 (200-hour moving average)

R3: 0.8718 (June 15 low)

Support

S1: 0.8819 (200-day moving average)

S2: 0.8842 (May 4 high)

S3: 0.89 (psychological hurdle)