Pivot point : 1.1660
The expected scenario: entering into buying deals at the highest levels of 1.1660, targeting the levels of 1.1770.
Alternative scenario: entering into selling deals at the lowest levels of 1.660, targeting the levels of 1.1510.
Commentary: The euro-dollar pair is still in a general bearish trend in the medium term, through the descending price channel, to reach its lowest level since August 19, which represents High demand levels and areas, so it is expected that we will witness a rebound from these levels and target the 1,1770 levels, in the near term.
