Hello traders, EUR/USD is trading at 1.2340. The price is trading at 2 years high and just touched it resistance level, now it can rebound back to its support level at 1.2256 before continuing its upward trend. The overall trend of the pair is upward but we can get a small down move before continuing the up trend.
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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Thank you,
Rishikesh Lilawat
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.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
Comment:
Price touched support level as shown in the chart and it can rebound from here towards resistance level.