Looking into past week analysis you can see that I mentioned the price could reach $1.07825 and then bounce back up. On Monday the price continued to move down and reached an area of supply close to $1.07825 and bounced up. The move up was more retrace than a bounce because the price has reached all two levels I have mentioned, $1.07825 and $1.09860. Those two resistance levels were significant resistance levels for the price in the past, but now they had no meaning. The reason is in the demand zone close to support $1.07825 which had lots of buyers waiting to enter into the market. On the other hand there were a lot ... (full story)