EUR/USD continues the downtrend

On EUR/USD , it's nice to see a strong sell-off from the price of 1.10700 and 1.11320 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.

I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.

The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade.

Happy trading,

Dale