Current price: 1.0677
Key point: 1.0655
Our preferred direction: Buy positions above 1.0655 levels with 1.0700 as a first target and then 1.0750 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 1.0655 level, targeting the 1.0600 levels.
Technical commentary
The pair rose from the 1.0600 levels and stabilized above the 1.0655 levels, forming a suitable price behavior, so it is expected to complete this rise to the 1.0700-1.0725 levels.
In the event of a break and close below 1.0655, the price will head towards 1.0600.
