EUR/GBP Technical Analysis: EUR/GBP melts down as UK and Germany drop key Brewit demands

• EUR/GBP bull trend is likely to enter a consolidation phase after the currency cross tumbled 70 pips as it was reported that UK and Germany are to drop key Brewit demands.
• Bears are challenging the multi-month trendline as they broke below 0.9000 psychological level. 
• Bear targets become 0.8940 August 14 high, 0.8900 July 9 high and 0.8868, 13 July high. 

EUR/GBP 15-minute chart

Spot rate:                0.8962
Relative change:     -0.53%     
High:                       0.9054
Low:                        0.8956

Main Trend:                Bullish
Short-term trend:        Neutral to bearish

Resistance 1:         0.9000 figure
Resistance 2:         0.9030 September 3 
Resistance 3:         0.9048 current 2018 high
Resistance 4:         0.9056 August 13, 2017 low
Resistance 5:         0.9100 figure
Resistance 6:         0.9121 September 10, 2017 high
Resistance 7:         0.9171 September 8, 2017 open

Support 1:              0.8965 supply/demand level
Support 2:              0.8940 August 14 high
Support 3:              0.8900 July 9 high
Support 4:              0.8868, 13 July high
Support 5:              0.8840 supply level