Currently price is trading at 1.7152 and consolidating in the resistance and support levels. If the price breaks resistance level at 1.7257 then it is possible that it will come in a small up trend and then it may hit its next resistance at 1.7514. which will be the 1st 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.