Pivot point: 1.1780
The preferred scenario: entering short deals below the 1.1780 levels, targeting the 1.1600 levels.
Alternative scenario: entering long positions at the highest levels of 1.1780, targeting the levels of 1.1910.
Commentary: The euro-dollar pair is still in a general bearish trend in the medium and short term, through a bearish price channel, to start this week's trading at the 1.1750 levels, which It is expected to witness a rebound from these levels and to enter a correction wave to the upside, targeting the 1.1910 levels, and then returning to the downside again and targeting the 1.1600 levels, especially in light of the presence of the liquidity flow indicator at oversold levels.
