On the long time frime prospective , the price couldn't break the resistence level ( as pointed out on the weekly chart) and then it moved

lower to break previous lows.

I expect the price to retrace in the direction of the main resistence level and after go down to make a lower low.

Expected rate: 1.01600

Weekly chart:
On the weekly chart i pointed out the main levels i'm considering

Daily chart:
A possibile scenario is described
Translate to English Show original