Forex Trading Library

EURUSD 2018-06-13

By Rami Abu-Draa Last updated Oct 31, 2021

As we advised yesterday

Euro managed to hold trades below resistance 1.1810-40 where market managed to head for drop correction toward target 1.1720-40 zone

Market now showing ability to sustain this trading zone where resistance at 1.1840

Above 1.1840 more advance toward 1.1920-60 may hit the market

Below 1.1720 more drop toward first target 1.1620 is expected while below this level expecte test for 1.1500-20 zone

	Support	Resistance
Level 1	1.1720-40	1.1840
Level 2	1.1620	1.1920
Level 3	1.1500-20	1.1960

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.

Intraday Analysis 13th June 2018

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