Forex Trading Library

EUR/USD –18.12.2024

Technical Analysis
By Rami Abu-Draa
EUR/USD –18.12.2024
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The Euro closed into the target of 1.0425, which could provide a chance for a rebound toward the 1.0540-60 zone.

Below 1.0425 more of a drop could hit the market with support around 1.0330.

Above 1.0610 more advance toward 1.0820 could hit the market.

SUPPORT RESISTANCE
LEVEL1 1.0425 1.0540
LEVEL2 1.0330 1.0610
LEVEL3 1.0220 1.0820

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Rami Abu-Draa

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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