Pivot point: 1.1570
The expected scenario: entering short deals at the lowest levels of 1.1570, targeting the levels of 1.1490.
Alternative scenario: entering long positions at the highest levels of 1.1570, targeting the levels of 1.1700.
Commentary: The euro-dollar pair is still in a general bearish trend, in the short term, through a bearish price channel, through which it is expected to continue falling, especially In light of the price intersection below the moving averages 50 - 100, in addition to the presence of the liquidity flow indicator in overbought areas, which supports the negative outlook for the pair's trading in the short term.
