Pivot point: 1.1590 .
The expected scenario: entering into buying deals at the highest levels of 1.1590, targeting the levels of 1.1650 and then the 1.1680.
Alternative scenario: entering short deals at the lowest levels of 1.1590, targeting the levels of 1.1510.
Commentary: The euro-dollar pair witnessed a change in the general bearish trend, to turn into an upward trend, after the breach of the descending price channel during yesterday's trading, so it is expected that We are witnessing a correction wave to the downside for the levels of 1.1590, and then to resume the rise again to the aforementioned levels, especially in light of the intersection of the moving averages (50 - 100), in a confirmatory sign of the approach of the correction wave.
