Current price: 1.0887
Key point: 1.0830
Our preferred direction: buying positions above 1.0830 levels, targeting 1.0970 as a first target, then 1.1030 as a second target
Alternative scenario: stop the loss and change the direction by breaking 1.0830, targeting 1.0750.
Technical commentary
The euro-dollar pair rose in the daily time frame from the support levels 1.0800-1.0830, which corresponds with the lower border of the ascending channel from the bottom of last January, and with the breach of the bearish trend line from the top of last July, the price is expected to rise to 1.0970 then 1.1030
