fell down yesterday and is testing the support level
1272.90 at the moment. Given the presence of the local downtrend and the absence of any significant reaction of the price to the level, we should consider the scenario of its breakout, which will be a strong bearish
signal. The breakdown move should be sharp
and supported by large volume
, which will be a more accurate and sure signal for entering the market. A stop loss should be placed above the breakdown volume
bar. A potential of the deal is up to 150 pips.
The bottom line: short positions after a breakdown of the support.