Currently price is trading at 1.9780 and moving towards resistance level , It is possible that it will rebound from resistance level towards support. But if it breaks the resistance level it is possible that it will touch next resistance level at 2.0141, which will be its target then.
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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.