price can run up to previous trendline support as well as confluence of previous support line which could potentially serve as resistance (1.074), and then continue further downside.
or price can run upto reclaimed OB, which has confluence with another previous support turned resistance (1.084) and run down to other previous support before taking off too 1.09 and continuing downside
( novice trader, first idea)
or price can run upto reclaimed OB, which has confluence with another previous support turned resistance (1.084) and run down to other previous support before taking off too 1.09 and continuing downside
( novice trader, first idea)
Comment:
Price stop ran into daily breaker and respected 50% level (8/12/2016)