Pivot point: 1.1600
The expected scenario: entering into buying deals at the highest levels of 1.1600, targeting the levels of 1.1690.
Alternative scenario: entering short deals below the 1.1600 levels, targeting the 1.1480 levels.
Commentary: The euro-dollar pair witnessed a change in the general bearish trend, after penetrating the descending price channel, and starting to form a series of rises, in a way to target the 1.1700 levels, On the short term, especially in light of the price's penetration of the moving averages (50 - 100), in addition to the presence of the liquidity flow indicator in oversold areas, which supports the positive outlook for the pair's trading in the short term.
