is trading at 0.9095. The pair is consolidating in the resistance and support wedges
. The price is moving towards its resistance level
at 0.9133 and it can rebound back after touching resistance level
. The pair is consolidating from some time but the overall trend is a downtrend. So, it is possible that after it rebounds from the resistance level
, it can break its support level
at 0.9061. If it breaks the support level
, then its first target price will be at 0.8946 and the second target price will be at 0.8875.
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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