Current price: 1.0817
Key point: 1.0805
Our preferred direction: Buy positions above 1.0805 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 1.0805 level, targeting the 1.0750 levels.
Technical commentary
The pair reached the support levels 1.0795-1.0805 and rose from them, and it is expected to continue rising to retest the levels 1.0880-1.0900.
In the event of a break and close below the support levels of 1.0795-1.0805, the price will head towards the 1.0750 levels.
