As we can see, I have identified a supply zone for EURGBP. (Red Zone) Looking at daily candle, we can see several candles managed to close within this supply zone with no signs of breakout yet. For now, I am expecting a rejection from this level bringing price level back to the demand zone or 50.0% -61.8% fib level. For that to happen, we have to look out for a breakout at an important support level @0.9085. This will be a confirmation for our trade.
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Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!