Currently, EUR/USD is trading at 1.1291. The pair may start a new down trend if it breaks the support level at 1.1205. Previously, the pair was consolidating in the resistance and support wedges. If the pair starts a new down trend after breaking the support level, then its target price will be at 1.0993.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Thank you,
Rishikesh Lilawat
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat