Current price: 3.10
Key point: 2.60
Our preferred direction: Buy positions above 2.60 levels with 3.90 as a first target and then 6.50 as a second target.
Alternative scenario: Stop loss and change direction by breaking the 2.50 level, targeting the 2.00 levels.
Technical commentary
MANTA on the 4-hour chart has reached pivotal support levels at 2.50-2.60, a strong Fibonacci cluster area as the second wave of Elliott ends.
The currency is expected to rise strongly to levels of 3.90 and then levels of 6.50.
