Currently, EUR/USD is trading at 1.0816. The pair started trading in uptrend after breaching resistance on 27 April, and now they are moving towards neckline. If the price breaks its neckline at 1.0873, then it may start a strong uptrend and can touch the next resistance level at 1.0949, which will be its 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.