Current price: 184.80
Key point: 183.90
Our preferred direction: buy positions at the highest levels of 183.90, targeting 186.00 as the first target, then 186.75 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 183.90 level, targeting 183.00 levels.
Technical commentary
The pair is moving in an upward direction within a price channel from the current year's bottom, breaching the pivotal resistance level of last year's peak
The price currently stabilizes at the lower border of the channel, with resistance levels that turned into support after the breach and stability above
It is expected that the price will continue to rise to the levels of 186.00, and then if it is able to penetrate it, it will head directly to the levels of 186.75.
