If today breaks resistance and falls pass 1.07800 - a massive drop will follow.
However, if resistance pursues and 1.08200 a rise will likely follow and entry will needed to be re-evaluated.
Scalp til 1.07800 and hold sell for one day. Pass resistance will hit 1.07100 potentially before reversal.
RSI states momentum is increasing to sell - whilst this is irrelevant for a LT short trade but ADX indicates a strong trend forming for short
However, if resistance pursues and 1.08200 a rise will likely follow and entry will needed to be re-evaluated.
Scalp til 1.07800 and hold sell for one day. Pass resistance will hit 1.07100 potentially before reversal.
RSI states momentum is increasing to sell - whilst this is irrelevant for a LT short trade but ADX indicates a strong trend forming for short