Currently, EUR/USD is trading at 1.1293. The pair is trading in an up trend from 18th May and now the pair is consolidating after rebounding back from the resistance zone. The pair may start a new down trend if it breaks the support level at 1.1243. The price may consolidate for a longer time to come in a down trend. If it breaks the support level then its first target will be at 1.1070 and the second target at 1.0964
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Rishikesh Lilawat
Do follow us for future Forex trend analysis.
Thank you,
Rishikesh Lilawat