Current price: 1.0805
Key point: 1.0800
Our preferred direction: Buy positions above 1.0800 levels with 1.0880 as a first target and then 1.0950 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 1.0800 level, targeting the 1.0725 levels.
Technical commentary
The success of our previous analysis, and we had indicated the 1.0725 levels with the harmonic model, the closest scenario is an upward trend, and indeed the price rose and penetrated the 1.0800 levels, and by remaining above it, it will continue its upward trend and head towards the 1.0880 levels.
