Hello traders, EUR/USD
is trading at 1.2164. The price is trading in a descending triangle
pattern and moving towards strong support level
at 1.2151. If the price breaks the support level
at 1.2151, it can continue its down trend and its target prices are as follows. 1st Target price at 1.2106 and 2nd target price at 1.2067.
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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