EURUSD 2018-08-29

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Euro retreated late session yesterday which may be a signal for a false break

As we see over the chart, Euro back to hold trades below downtrend line which may affect adrop correction toward 1.1530-50 zone

If market managed to bonuse back above 1.1730 this will restore strength over market to head toward 1.1800 and 1.1850

  Support Resistance
Level 1 1.1640-50 1.1700
Level 2 1.1590 1.1730
Level 3 1.1530 1.1800
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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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