EUR/GBP is facing support around 0.7115, recovery till 0.7220 is possible

• RES4:0.72820 (May 18^th high)
  
  
• RES3 : 0.7240 (May 19^th high)
  
  
• RES 2: 0.7212 (200 day HMA)

• RES 1: 0.7175 (20 day HMA)
  
  

      PRICE: 0.7154 @11:59 GMT 

• SUP 1:0.7115 (23^rd Apr low)
  
  
• SUP2: 0.7060 (61.8% projection of 0.74820 to 0.71217 from 0.72822)
  
  
• SUP 3: 0.7022 (161.8% retracement of 0.71217 and 0.72822)
  
  
• SUP4: 0.6922 (100 projection of 0.74820 to 0.71217 from 0.72822)
  
  

EUR/GBP has once declined till 0.7144 after making a high of 0.72822. In 1 hour chart CCI(50) has formed bullish divergence , a slight jump till 0.7220 cannot be ruled out .

The Pair's major support is around 0.7115 and further bullish can be seen below this level. Below 0.7115 it can reach till 0.7022 in short term.

  
It is good to buy at dips around 0.7150 with stop around 0.7115 for the target of 0.7220.