Currently, EUR/USD is trading at 1.0798. Last week after trading in downtrend, this pair is now trading in sideways trend. As the price has already touched , there are chances of reversal. If it breaks the level of resistance at 1.0911 it may enter into an uptrend and then the first target will be at 1.0998.
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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.