is trading at 0.9077. The pair is consolidating in the resistance and support wedges
. The pair may start a new downtrend if it breaks the support level
at 0.9058, likely the pair may rebound back after touching support levels and continue to consolidate. If the pair starts a new downtrend, after breaking the support level
, then its first target price will be at 0.8898 and the second target price will be at 0.8799.
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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