Yep, This are the reasons why:
1 Price went below the support zone at 1.15835 four times. (Greens)
2 Price tried to reached the resistance level at 1.17250 ten times and failed. (Reds). And now is drawing lower lows.
3 Seems to be appearing a downtrend line.
4 There is no more economic events left for this week than can cause volatility.
Price Action, Economic Calendar Anilisis, Support & Resistance Analisis
1 Price went below the support zone at 1.15835 four times. (Greens)
2 Price tried to reached the resistance level at 1.17250 ten times and failed. (Reds). And now is drawing lower lows.
3 Seems to be appearing a downtrend line.
4 There is no more economic events left for this week than can cause volatility.
Price Action, Economic Calendar Anilisis, Support & Resistance Analisis