The current price: 1.0685
Key point: 1.0685
Our preferred direction: buying positions above 1.0685 levels, targeting 1.0900 as a first target, then 1.0980 as a second target.
Alternative scenario: stop loss and change direction by breaking 1.0685, targeting 1.0530.
Technical comment
The euro-dollar pair is moving in an upward direction on the daily timeframe, in a price channel from the bottom of last November, and has reached the lower boundary of the channel, with the support levels 1.0775-1.0685, so that the continuation of the rise is expected to reach 1.0900 levels
