Currently, EUR/GBP is trading at 0.9057. The pair is consolidating in the resistance and support wedges . Previously, the pair was trading in an up trend in resistance and support wedges . There is a great possibility that the pair will rebound back from its support level . If the price breaks the support level at 0.9045, then it may start a new down trend, its first target price will be at 0.9003 and the second target price will be at 0.8946.
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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.
