Tape Reading the EURUSD price action for reversal clues

The Italian referendum result was on Sunday night. As it became clear a NO vote would win, Euro USD started falling. There were several clues in the price action relative to the news that predicated the likelihood of the next move before the next wave of news. 

Tape reading is often referred to as watching the time and sales with the market depth, but understanding how price reacts to positive and negative news is THE biggest clue in the market.