Depending on dollar strength I am looking to enter at the current kill-zones of this potential short setup. I do expect however a continuation lower due to such high momentum taking out our previous support levels. But volatility is still in play & I wouldn't be surprised if we retest our zones of resistance before another high momentum move lower.
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111.8s look like a good resistance zone to test firstly
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++ Currently holding support & an overbought H4 will give the probability of a pullback to the very minimum
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a break and close above this trend-line would be an interesting argument to consider a potential bullish run for the upcoming days. I would recommend doing nothing atm until we see some real movement in the near short term
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hit the retracement momentum might try to make the pair overbought on rsi