EURUSD 2018-03-21

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As we advised yesterday and as we see over our previous chart

Euro managed to hold trades below resistance 1.2360-70 where market sustain the drop wave for more lows

As we see over our Intraday Chart, market may consider a resistance downtrend line around 1.2360-70 which may keep the chance of farther drop toward 1.2165-85 zone

support zone 1.2165-85 may provide a rebound correction toward 1.2300 zone

Above 1.2370 more advance may hit the market to test 1.2400-20 zone while above 1.2440 more advance toward 1.2550 may be on hand

below 1.2165 more drop toward 1.2090 may hit the market

As market closing from potential rate hike over Dollar today market may hold this trading zone between 1.2165 and 1.2440, while eyes will be over how many times Fed going to raise Interest Rate this year 2018

Support Resistance
Level 1 1.2240 1.2300-10
Level 2 1.2165-85 1.2370
Level 3 1.2090 1.2440
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Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

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Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

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