Pivot point: 1.1700.
The expected scenario: entering short deals below the 1.1700 levels, targeting the 1.1620 levels.
Alternative scenario: Entering long positions above the 1.1700 levels, targeting the 1.1800 levels.
Commentary: The EUR/USD pair maintained the general bearish trend, through the descending price channel, and after ending the bullish corrective wave, and failing to breach the 1.1800 levels, it took A bearish trend and continued the decline journey, recording the levels of 1.1665, during today's trading, and then we are currently in the stage of retesting the 1.1700 levels, which is a good opportunity to re-sell from those levels and target the levels mentioned above.
