EURUSD 2018-04-02

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As we advised last week and as we see over our previous chart

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

First Intraday Resistance level at 1.2335-60 zone

  Support Resistance
Level 1 1.2275-85 1.2335-60
Level 2 1.2240 1.2420
Level 3 1.2165 1.2500-20
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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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