Current price: 1.0935
Key point: 1.0900
Our preferred direction: Buy positions above 1.0900 levels with 1.1015 as a first target and then 1.1135 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 1.0900 level, targeting the 1.0850 levels.
Technical commentary
The pair is moving within an ascending price channel from the bottom of last month above the support levels of 1.0890-1.0900. It is expected that after the end of the downward correction, the pair will continue to rise to the levels of 1.1015-1.1035.
