I have identified a good entry point here for a short position on EUR/USD
. A big resistance has been touched as news broke yesterday which wasn't good for the USD across the board. I predict this to reverse by the end of the day to the previous resistance which will become support. You can see the market reject the resistance at 1.09918 with a nice bearish engulfing
candle. Also the resistance was hit with a high velocity movement which could indicate a reversal is ahead!
Any ideas on this let me know!