Last time we looked at the EUR/GBP, we saw that it was turning bullish. It broke a falling trendline and pushed above the 100- and 200-day simple moving averages (SMAs). Furthermore, the RSI pushed above 70, which indicated bullish momentum. However, we noted that EUR/GBP was approaching key resistance around 0.8850. Indeed, the market sold EUR/GBP here. After this initial respect for resistance, the question is whether the pair will eventually be able to break above and open up a bullish outlook.EUR/GBP Daily Chart (click to enlarge)Range Resistance:- If we look at the daily chart, we can see that EUR/GBP has really be trading in a sideways range between 0.83 and 0.8850.- The market was bullish to 0.92 before EUR/GBP retreated into this range. - Therefore, we should see a bullish bias. 0.86 as Support:- The 0.86 level, given some slack, should provide support if EUR/GBP is indeed turning bullish. - The daily RSI should hold above 40 if bullish momentum is developing.- Above 0.8850, the EUR/GBP has the 0.92 high from 2016 in sight.- Of course, we should pay attention to the psychological level of 0.90 as well.