FxWirePro: EUR/GBP rejected at 100-DMA, slips below 0.86 handle

• The single currency spiked just ahead of Tokyo session to hit highs of 0.8664 against the Pound.
   
• The rally was quickly faded, EUR/GBP slips below 0.86 handle and is currently trading at 0.8573.
   
• Our previous call (http://www.econotimes.com/FxWirePro-EUR-GBP-on-track-to-test-100-DMA-good-to-go-long-on-dips-467726) has almost hit all targets.
   
• Bullish bias intact as long as major holds above 20-DMA at 0.8540. We see scope for test of trendline at 0.87. 

Support levels:

S1 - 0.8530 (5-DMA)

S2 - 0.8521 (23.6% Fib of 0.9225 to 0.8304 fall)

S3 - 0.8450 (20-DMA)

Resistance levels:

R1 - 0.86

R2 - 0.8632 (100-DMA)

R4 - 0.8655 (38.2% Fib)