EURUSD 2018-08-15

Posted on

As we advised early this week and as we see over our previous chart

Euro managed to sustain drop where managed today to get close from support 1.1300

As long as market holding trades above 1.1290 another rebound correction may hit market toward 1.1420-30 and 1.1480 where from there another drop wave may control the market as we see

Below 1.1290 market may enter new downtrend wave that may set course toward 1.1200 and 1.1130

  Support Resistance
Level 1 1.1290-1.1300 1.1350
Level 2 1.1250 1.1430
Level 3 1.1200 1.1480
(Visited 1 times, 1 visits today)

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.

- Website

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

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.

© Orbex