Currently, EUR/USD is trading at 1.1860. The pair is trading in upward resistance and support channel and about to touch its support level. The price is moving towards its support level at 1.1806 and it can rebound back after touchning support level. If the price rebounds from support level most likely it will touch the resistance level at 1.1997.
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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 rebounded from support level.