EURUSD 2018-09-04

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Euro managed to sustain drop movement as we advised last week while market mnaged to met target 1.1530-50

As we see over the chart, Euro facing support zone at 1.1500-30 which may provide chance for rebound correction toward 1.1640-60 zone

Below 1.1500 OR any daily close below 1.1520-30 zone would add more drop pressure to head toward 1.1400-20 zone

  Support Resistance
Level 1 1.1500-30 1.1585
Level 2 1.1400-20 1.1640-60
Level 3 1.1300 1.1740
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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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