Currently, EUR/USD is trading at 1.1938. The pair is trading in an up trend from sometime by making higher high-higher low pattern. It may reverse back from its which is at 1.2060. The pair may start a new down trend after rebounding back from its , but for that it has to break the which is at 1.1880. It is possible that the pair may consolidate for some time before touching its and before breaking its .
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Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.