Strong Bearish Signal: The price demonstrated a huge drop supported by the huge volume and negative delta. It means that the smart money propelled the pair downwards, which means a significant imbalance of sales. Volume Zones: It is necessary to point out the new volume level of resistance 105.65 - 105.70. The price started falling exactly after its creation. Consider Short Positions: Given all these factors, we should ponder exceptionally short positions. We may enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the new resistance level. Profit Potential: More than 80 points.
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