As EUR/USD is trading at 1.1010 while writing, It is moving towards this months lowest. If the same trend continues then, it is possible that price will hit its resistance level at 1.0837. Over all price is forming a lower low lower high pattern, which looks like a large down trend.

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Rishikesh Lilawat

Rishikesh Lilawat
Rishikesh Lilawat

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.