According to yesterday’s analysis, the price after setting a higher peak started an bearish impulse. You may have noticed breaking of trend line and closing the H1 candle below the round support level 1.0600. You can see that the supply resistance zone was formed on 1,0630-1,650. The last test of these areas are characterized by low volume, it shows the weakness of demand. Currently, you can see that the declines in the volume increases. Continuation of this trend will be a confirmation of bearish move. Breaking the support around the psychological level of 1.0600 will increase the chance of further declines.
