has broken out strong support level
at 1.1700 in 26 october. Long daily falling candle is showing a big advantage over demand, so we are expecting further price down movement. Those who are using chart patterns also can find on chart head and shoulders
pattern, where neck line was broken and price could even go to 1.14000 level. In most cases price after the broken out a significant level likes to back to test broken levels and we are patient in our trading and still waiting to price will back to 1.17000 area to open sell trade.