is trading at 0.9057. The pair is consolidating in the resistance and support wedges
. Previously, the pair was trading in an up trend in resistance and support wedges
. There is a great possibility that the pair will rebound back from its support level
. If the price breaks the support level
at 0.9045, then it may start a new down trend, its first target price will be at 0.9003 and the second target price will be at 0.8946.
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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