Current price: 1.0840
Key point: 1.0900
Our preferred direction: Sell positions below 1.0900 levels with 1.0800 as a first target and then 1.0750 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 1.0900 level, targeting the 1.0950 levels.
Technical commentary
The pair broke the support levels of 1.0895 with the ascending trend line and continued to decline, and is expected to further decline to the levels of 1.0800.
If the pair resumes its rise above 1.0900, the pair will head towards 1.0970.
