Currently, EUR/GBP is trading at 0.8762. After trading in downtrend from last week, this week the pair started trading in sideways trend and formed a descending triangle pattern. If it breaks neckline at 0.8907 after breaking resistance levels, then the pair may come into an uptrend and its small resistance at 0.9009 will be the first target.
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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.