Forex Trading Library

EUR/USD – 06.02.2025

Technical Analysis
By Rami Abu-Draa
0 23

The Euro passed above the 1.0350-60 resistance as our target still stands toward 1.0610-30.

Intraday support zone starts from 1.0350-60.

Below 1.0175 more of a drop will be expected toward 1.0075 and maybe 1.0000.

SUPPORT RESISTANCE
LEVEL1 1.0350-60 1.0470
LEVEL2 1.0270 1.0530
LEVEL3 1.0175 1.0630

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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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