is trading at 1.3081. The pair is trading in a downward resistance and support channel moreover it is about to enter its support zone
. The price is moving towards its support zone
at 1.3044 and it can rebound back after touching the support zone
. So, it is likely that after it rebounds from the support zone
, it can start a new uptrend.
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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