Current price: 1.0750
Key point: 1.0725
Our preferred direction: Buy positions above 1.0725 levels with 1.0800 as a first target and then 1.0850 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 1.0725 level, targeting the 1.0650 levels.
Technical commentary
The pair opened the week's trading with an upward price gap, and the pair is above the support levels of 1.0725 with the presence of the harmonic shark pattern, so it is expected that the price will reach the 1.0800 levels.
In case of breaking and closing below 1.0715, the pair will head towards 1.0650.
