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