Greetings Traders,
Key Levels Around 1.0700: Today's R1, Previous Day's S1, March S1, and a strong reversal point all converge around 1.0700, indicating significant levels to monitor.
Yellow Bullish Channel: It's imperative to watch for any breaks below the yellow bullish channel, as this could invalidate our current analysis.
Take Profit Targets: TPs are set at the bottom of the channel and today's pivot around 1.0665.
Upcoming Events: Keep an eye out for surprises in today's retail sales announcement and tomorrow's Federal Reserve Chair Jerome Powell speech, as these could potentially alter market direction or affect optimal entry levels.
Short-Term Trading Strategy: Short-term traders may consider taking long trades if the price surpasses 1.0670.
Best regards,