EURUSD 2018-07-13

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As we advised yesterday and as we see over our previous chart for yesterday

Euro managed to hold trades below first resistance 1.1695 where another drop wave hit the market early today toward 1.1610-15 zone

As we advised yesterday we still see zone of 1.1575-85 is the support zone that may provide a rebound correction where as long as Euro holding trades below 1.1650 this drop movement toward 1.1575-85 may hit the market

Above 1.1650 the market will restore the chance for another test to 1.1690-95 resistance

Above 1.1740 the uptrend wave may back on market

  Support Resistance
Level 1 1.1575-85 1.1650
Level 2 1.1505-20 1.1695
Level 3 1.1400 1.1740
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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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