EURUSD 2018-03-22

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Euro managed to head for fast advance yesterday after Fed rate decision where market managed to hit above 1.2370 zone

Intraday levels showing support at 1.2295 where as long as market holding above more advance toward 1.2400-20 zone is expected

Below 1.2295 market will face another support at 1.2240-60 which in turn may activate another dvance wave toward 1.2400-20 zone

Below 1.2240 more drop may be expected to re-test old support at 1.2165-85 zone

Support Resistance
Level 1 1.2295 1.2360
Level 2 1.2240-60 1.2400-20
Level 3 1.2165-85 1.2550
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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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