EURGBP: Looking for BuyEURGBP: Looking for Buy Opportunities from Institutional Zone
Current Situation
EUR/GBP price is located in the area of major market participants' activity. At the 0.88400 level, a price stop by limit players was recorded, followed by a decline to current values. This manipulation indicates institutional buyers' interest in this zone.
Key Levels
0.88400 — level where price was stopped by limit players before the decline
Current zone — high volume zone with institutional interest
0.87560 — lower support level for potential entry
Main Scenario
A price reversal upward from zones of institutional interest is expected. Limit players demonstrated activity at 0.88400, and the current decline creates favorable conditions for accumulating long positions before an upward movement to higher levels.
Three Development Scenarios
Scenario 1: Buy from Current Prices
Entry from current levels after confirmation at market open. Price reaction assessment and signs of support from buyers are required.
Scenario 2: Buy on Retest of High Volume Zone
Waiting for an additional touch of the high activity zone to confirm limit players' interest and form a safer entry.
Scenario 3: Buy from 0.87560 Level
Entry on decline to the lower support level, which will provide an optimal risk/reward ratio upon reversal confirmation.
