Forex Trading Library

EURUSD 2018-03-29

Technical Analysis

By Rami Abu-Draa Last updated Jul 15, 2025

Euro managed to add more drop toward lower target 1.2300 after market broke below 1.2360-70 in tight zone trading mode

The Intrday Levels showing potential Rising wedge Formation where trend support laying at 1.2275-85 zone

As long as market holding above 1.2275-85 another advance wave may hit market which may lead for test to 1.2500 zone

Below 1.2275 market may risk for farther drop wave toward 1.2180-99 zone

Intraday resistance laying at 1.2360-70

	Support	Resistance
Level 1	1.2275-85	1.2360-70
Level 2	1.2240	1.2420
Level 3	1.2180-99	1.2500

Rami Abu-Draa

Head of Technical Analysis at Orbex, Rami Abu Draa
holds a bachelor's degree in Banking, Finance and Economics. A professional trader and mentor with over 10 years of industry experience, Rami is passionate about sharing his knowledge with Orbex clients from basic to advanced concepts of Technical Analysis, Investment psychology and Investment/Trading methodologies. He is able to combine fundamental and technical principles to deliver a unique perspective on the markets that enables Orbex traders to identify high-probability trading opportunities.

EURUSD 29-03-2018 Intra-day analysis.

GBPUSD 2018-03-29