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
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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