EURUSD 2018-08-01

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As we advised early this week and as we see over our previous chart the chance for more trading zone between 1.1600 and 1.1750 overshadow the market with low trading volume ahead of Fed & FOMC

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

Below 1.1500 new downtrend wave may hit the market

  Support Resistance
Level 1 1.1650 1.1750
Level 2 1.1600 1.1850
Level 3 1.1505-20 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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