Forex Trading Library

EUR/USD –16.07.2025

By Rami Abu-Draa Last updated Jul 16, 2025

The Euro managed to fall below the support of 1.1650 yesterday on US Inflation figures.

As we see over the chart, the second support is around 1.1535-50 which in turn could keep the advance wave ongoing.
Below 1.1535 more of a drop could hit the market with supports at 1.1450 and 1.1280.

	SUPPORT	RESISTANCE
LEVEL1	1.1535-50	1.1650-60
LEVEL2	1.1450	1.1715
LEVEL3	1.1280	1.1830

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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