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Current price: 1.0765
Key point: 1.0755
Our preferred direction: Buy positions above 1.0755 levels with 1.0800 as a first target and then 1.0880 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 1.0755 level, targeting the 1.0700 levels.
Technical commentary
The pair is currently holding above the 200 moving average and above the support levels of 1.0755 within the ascending price channel, targeting the 1.0850 levels.
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