EURUSD 2018-07-30

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Euro mnaged to test support zone 1.1600-20 last Friday where market managed again to hold this triangle trading zone

As we see over the chart a chance for more trading zone between 1.1600 and 1.1750 is still expected

Above 1.1750 more advance toward 1.1890 will be expected

Below 1.1600 more drop to test 1.1505-20 may hit the market befor another rebound toward 1.1620 may hit the market

  Support Resistance
Level 1 1.1600-20 1.1730-50
Level 2 1.1505-20 1.1820-50
Level 3 1.1400 1.1890
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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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