Hello traders, EUR/USD
is trading at 1.2228. The pair is trading in resistance and support wedges
in an upward channel and can break the support level
to start a new down trend. If the price breaks the support level
at 1.2202, it can start a new down trend and then its targets will be first target at 1.2164 and second target at 1.2121.
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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