EUR/USD Technical Analysis.
Hello traders, EUR/USD is trading at 1.2228. The pair is trading in resistance and support wedges in an upward channel and can break the support level to start a new down trend. If the price breaks the support level at 1.2202, it can start a new down trend and then its targets will be first target at 1.2164 and second target at 1.2121.
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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Thank you,
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
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