Currently, EUR/USD is trading at 1.0818. The pair started a sideways trend on 8th may after rebounding from its resistance level and now the price is consolidating in the resistance and support wedges. If the price breaks the resistance level at 1.0883, then it may start a new up trend. Then its first target will be at 1.0949 and second target at 1.1016.
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Rishikesh Lilawat
Do follow us for future Forex updates.
Thank you,
Rishikesh Lilawat