Pivot point: 1.1860
The preferred scenario: Entering long positions in case the price breaks through the 1.1860 levels, targeting the 1.1920 and then the 1.1950 levels.
Alternative scenario: entering short deals in the event of price stability below the levels of 1.1860, targeting the 1.1750 levels.
Commentary: The euro-dollar pair witnessed a breach of the descending price channel, and then entered the stage of correction and profit taking, to settle at the beginning of trading today, Wednesday, at the levels of 1.1830, and in Waiting for the price to breach the 1.1860 levels, within the framework of completing the current ascending wave, especially in light of the intersection of the EMA50, above the EMA100, in a confirmation sign that there are more rises in the short term.
