EURUSD 2018-08-13

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Euro managed to broke below Short-Run support 1.1500-20 as we advised last week where market managed to re-test resistance 1.1620-30 before market head from there to breake below 1.1500

Intraday Levels showing market inside oversold zone which still trying to provide rebound correction over Euro before downtrend resume toward 1.1300 zone which may provide rebound correction toward 1.1450-80

Below 1.1290 market may resume drop toward second target 1.1200

  Support Resistance
Level 1 1.1365 1.1425-50
Level 2 1.1300 1.1480
Level 3 1.1250 1.1500-30
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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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