Current price: 1.0600
Key point: 1.0520
Our preferred direction: buy positions at the highest levels of 1.0520, targeting 1.0645 as the first target, then 1.0750 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 1.0520 level, targeting 1.0480 levels.
Technical commentary
The EUR/USD pair continues in a downward trend on the daily frame from the peak of last July, breaching the rising price channel from the bottom of last January, with the breach of support levels 1.0645.
It is expected that the decline will continue to the support levels 1.0485-1.0520 and then wait for the rise with the presence of the Harmonic SHARK pattern to target the 1.0645 levels again.