Current price: 1.0700
Key point: 1.0675
Our preferred direction: Buy positions above 1.0675 levels with 1.0800 as a first target and then 1.0880 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 1.0675 level, targeting the 1.0600 levels.
Technical commentary
The pair is above the pivotal support levels of 1.0675 with the presence of the harmonic shark pattern, so the price is expected to reach the 1.0800 levels, especially if it breaks the 1.0725 levels.
In case of breaking and stability below the 1.0650 levels, the pair will head towards the 1.0600 levels.
