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Wednesday, January 13, 2021

EUR/USD trading in descending trading pattern.

EUR/USD trading in descending trading pattern.

Hello traders, EUR/USD is trading at 1.2164. The price is trading in a descending triangle pattern and moving towards strong support level at 1.2151. If the price breaks the support level at 1.2151, it can continue its down trend and its target prices are as follows. 1st Target price at 1.2106 and 2nd target price at 1.2067.

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

from Trading Ideas
via gqrds

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