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EUR/USD SELL - 06/10/2017

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FX:EURUSD   歐元 / 美元

On Thursday, the euro showed a rapid fall and finally the price left the consolidation down. Now a large accumulation of volume, which is concentrated in this range, acts as a resistance. The breakout movement was sharp and on fairly large volume, which is an excellent bearish signal. It is also worth highlighting a new resistance level 1.1716 - 1.1732, in which significant volume is concentrated. Given all of the above factors, short positions on EUR/USD look the most interesting scenario for trading. Sales should be opened after the resumption of the price fall, it is desirable that the downward movement should be on increased volume. This will be another confirmation that the breakdown of consolidation was not false. A stop loss should be placed a little above the resistance level. The first goal is 90-100 points, the second - 180 points.

The bottom line: short positions are in priority
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