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.
Simple as if FED keeps interest rate at 1.25 dollar falls down
If FED raises interest rate dollar will rocket high,
Be aware of the next FED meeting on October 31, 2017
This is the calendars link.
Theres a strong Kangaroo Tail pattern suggesting that a bearish move is coming, for this to happen the price should´nt go above the candle shadow.
Hopefully the downfall will be completed on the NY/London session.