is trading at 1.1938. The pair is trading in an up trend from sometime by making higher high-higher low pattern. It may reverse back from its resistance zone
which is at 1.2060. The pair may start a new down trend after rebounding back from its resistance zone
, but for that it has to break the support level
which is at 1.1880. It is possible that the pair may consolidate for some time before touching its resistance zone
and before breaking 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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