Currently the price is trading at 110.50 and hovering in the same range of 111.70 to 109.72. As the price is moving towards , if it reverses back from there and breaches the level of support at 109.72. Then it may come in down trend and then its next support and first target will be at 108.49.
Do follow us for future Forex updates.
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.