EURGBP — Weekly Smart Money Plan (SMC)
📈 Market Context
EURGBP steps into the new week under strong macro influence as markets reprice Bank of England vs ECB rate expectations.
Sticky UK inflation, mixed UK data, and growing speculation around ECB rate cuts are driving erratic flows rather than clean directional trends.
This backdrop favors liquidity manipulation — stop hunts, false breakouts, and sharp reactions around key weekly levels — ideal conditions for Smart Money to operate.
Expect volatility around UK CPI, BoE commentary, and Eurozone data, especially near range extremes.
Smart Money Technical Read
Current State:
Price remains within a broader bearish HTF structure, despite a strong bullish displacement from recent lows. The rally shows signs of being corrective, reacting into prior premium liquidity rather than initiating a new trend.
Core Bias:
Sell premium after confirmation.
Buy only at deep discount with structure shift.
No chasing price in the middle of the range.
Structure Notes:
HTF bearish structure remains intact
Recent upside impulse shows liquidity grab characteristics
Premium aligns with prior supply & buy-side liquidity
Discount holds sell-side liquidity + inefficiency (FVG)
Market currently rotating inside a controlled range
Liquidity Zones & Key Weekly Levels
🔴 SELL EURGBP: 0.87137 – 0.87147
SL: 0.87237
🟢 BUY EURGBP: 0.86541 – 0.86531
SL: 0.86441
🔴 SELL Scenario — Weekly Premium Distribution
Conditions:
✔ Price spikes into 0.8714 area on GBP weakness or EUR strength
✔ Buy-side liquidity taken above recent highs
✔ Bearish CHoCH / MSS on H1–M15
✔ Downside BOS confirms Smart Money intent
✔ Entry refined via bearish OB or FVG
Targets:
0.8680 — internal reaction
0.8655 — range low liquidity
0.8630s — wee