Current price: 1.0890
Key point: 1.0885
Our preferred direction: Buy positions above 1.0885 levels with 1.0980 as a first target and then 1.1050 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 1.0885 level, targeting the 1.0800 levels.
Technical commentary
The price broke the resistance levels of 1.0900 and stabilized above it and above the rising trend line from the bottom of last April, so the pair is expected to rise to levels of 1.0980.
In the event of a decline and stability below 1.0900 levels, the pair will head towards 1.0820 levels.
