tested the resistance level
1.1692 - 1.1705 on Friday and fell down sharply and on large volume
. The rebound was sharp, so it is a great bearish
signal and we should give preference to short positions for EUR/USD
. We should enter the market after a smooth upward correction of the price in order to get a better entry point for opening short positions. A stop loss should be placed above the test of the level 1.1693. A potential of the deal is 120+ points.
The bottom line: short positions are in priority.