Hello traders, EUR/USD is trading at 1.2170. The pair is trading in resistance and support wedges in an upward channel. As the price has already touched its resistance level it can rebound back to its support level. If the price breaks the entry price at 1.2138, then it can give a small downward move and touch its support level at 1.2056.
Follow 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
Follow 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