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The current price: 1.0800
Key point: 1.0775
Our preferred direction: short positions below 1.0775, targeting 1.0630 as a first target, then 1.0580 as a second target.
Alternative scenario: stop loss and change direction by breaking 1.0775, targeting 1.0900
Technical comment
The euro-dollar pair breached the bullish channel on the daily time frame, from last November's low, with breaching the support levels 1.0775-1.0800, so it is expected to drop again to 1.0630, then 1.0580.
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