As the price is trading at its all time low and started consolidating in the same range from 1.1904 to 1.1414. There is no strong signal of trend reversal as the price is hovering in the same range, It is not forming any particular pattern. If the price breaches the resistance level at 1.1904 then there is chances that it will come in up trend.

Do follow us for future Forex updates.

Thank you,

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.