Current price: 1.1615

Key point: 1.1575
Our preferred strategy: Buy positions above 1.1575 with a first target of 1.1650 and then a second target of 1.1720.

Alternative scenario: Stop loss and trend reversal upon breaking the 1.1575 level, targeting the 1.1500 level.


Technical commentary
The EUR/USD pair has reached near the upward trend line from the low of last March after rising from the 1.1575 levels and breaking through the 1.1610 levels, with the pair expected to reach the 1.1650 levels and then the 1.1720 levels.