Hello traders, EUR/USD
is trading at 1.2149. The price is trading in upward resistance and support channel and rebounding back from its resistance level
. As the price has already rebound back from its resistance level
, if it breaks 1.2146 price level it can touch support level
. So, the entry price for short will be at 1.2146, first target will be at 1.2128 and second target at 1.2100.
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.
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