Dow Jones 2018-07-23

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Dow managed last week to hit target 25180 while market managed to test downtrend resistance line around 25200-50 zone as we see over our previous chart

If market failed to break above this zone another drop wave may hit the market toward 24620-80 zone

Above 25250 more advance toward 25400 and 25800 will be expected

Consider Zone of 24620-80 as the support zone on market

  Support Resistance
Level 1 24880 25125
Level 2 24620-80 25200-50
Level 3 24460 25400
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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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