EURUSD 2018-08-27

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Euro managed to hold support 1.1300 where managed to head for rebound correction toward 1.1500-30 as we advised 2 weeks ago

Market managed to broke above 1.1530 where market managed to add moe extention toward 1.1620-50 as we advised on our last report on Augest 15 see here

Short-Run showing downtrend resistance line around 1.1670-90 zone where as long as market holding below another drop correction movement may be expected toward 1.1400

Above 1.1690 market may add more advance toward 1.1850 zone

  Support Resistance
Level 1 1.1590 1.1670-90
Level 2 1.1530 1.1760
Level 3 1.1400 1.1850
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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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