The current price: 1.0820
Key point: 1.0830
Our preferred direction: buying positions above 1.0830 levels, targeting 1.0970 as a first target, then 1.1030 as a second target
Alternative scenario: stop the loss and change the direction by breaking 1.0830, targeting 1.0750.
Technical comment
The euro-dollar pair has reached, on the daily timeframe, the support levels 1.0800-1.0830, which correspond with the lower border of the ascending channel from the bottom of last January, and while waiting for the breach of the bearish trend line from the top of last July, the price will be expected to rise to 1.0970 then 1.1030.
