is trading at 75.20. The pair is consolidating in the resistance and support wedges
. Previously, the pair was trading in a down trend in a descending triangle
pattern. There is a great possibility that the pair will rebound back from its support level
. But if the price breaks the support level
at 74.87, then It may start a new down trend and its first target price will be at 74.03 and second target price will be at 73.42.
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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