Current price: 159.55
Key point: 158.60
Our preferred direction: buy positions at the highest levels of 158.60, targeting 160.25 as the first target, then 161.00 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 158.60 level, targeting 157.20 levels.
Technical commentary
The pair is moving in an ascending channel on a four-hour frame from the bottom of December and above the 200 moving average and the highest support levels 158.60-159.00, so its next targets in the event of stability above these levels will be 160.25. However, in the event of breaking the mentioned support levels and stability below them, it will head to the lower border of the price channel that... Corresponds to support levels 157.20
