The current price: 1.1053
Key point: 1.1115
Our preferred direction: short positions below 1.1115 levels, targeting 1.0920 as a first target, then 1.0800 as a second target.
Alternative scenario: stop loss and change direction by breaking 1.1115, targeting 1.1200.
Technical comment
The euro-dollar pair reached resistance levels on the daily timeframe at 1.1115-1.1190 within the bullish channel, with the formation of a harmonic shark pattern at 88% Fibonacci levels, so that it is expected to drop to 1.0800 levels.
