Current price: 1.0725
Key point: 1.0700
Our preferred direction: Buy positions above 1.0700 levels with 1.0760 as a first target and then 1.080 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 1.0700 level, targeting the 1.0655 levels.
Technical commentary
The price is centered above the lower limit of the rising price channel from the bottom of the current month near the support levels of 1.0700, so it is expected that the pair will continue to rise to the levels of 1.0760.
However, if it breaks and closes below the 1.0700 levels, the price will head towards the levels of
