EUR/GBP Technical Analysis: Teasing a bull breakout

• EUR/GBP is eyeing a bull flag breakout, the 15-minute chart shows, could test 200-day moving average (MA) located at 0.8831.
• A bullish breakout if confirmed on the 15-minute chart would only add credence to a similar bullish pattern seen in the daily chart.

15-minute chart

Spot Rate: 0.8805

Daily High: 0.8808

Daily Low: 0.8790

Trend: Bullish if the 15-minute candle closes above flag resistance

Resistance

R1: 0.8809 (June 1 high)

R2: 0.8831 (200-day MA)

R3: 0.8842 (May 4 high)

Support

S1: 0.88 (psychological support)

S2: 0.8790 (ascending 5-day MA)

S3: 0.8778 (ascending 10-day MA)