Forex Trading Library

EURUSD 2018-09-04

By رامي أبو دراع Last updated Oct 31, 2021

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

رامي أبو دراع

Head of Technical Analysis at Orbex, Rami Abu Draa
holds a bachelor's degree in Banking, Finance and Economics. A professional trader and mentor with over 10 years of industry experience, Rami is passionate about sharing his knowledge with Orbex clients from basic to advanced concepts of Technical Analysis, Investment psychology and Investment/Trading methodologies. He is able to combine fundamental and technical principles to deliver a unique perspective on the markets that enables Orbex traders to identify high-probability trading opportunities.

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