I'm not sure it will head much lower. It's been trading up in a...

  1. 276 Posts.
    I'm not sure it will head much lower. It's been trading up in a channel since mid april. 1.70 is now the bottom of that channel and has kicked off of that.
    If it breaks and closes lower (mid 1.60s)it may go further. Should be support around 1.50 though, lots of resistence there previously.
 
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