is trading at 104.55. The pair is trading in a downtrend from some time and now rebounded back after touching the support level
at 104.10, as it has rebounded from the support level
, it can be an event effect. If it breaks the support level
at 104.10 and enters the support zone
, then it can go down further and touch the bottom of the support zone
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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