Forex Trading Library

EUR/USD – 02.02.2026

By Rami Abu-Draa On Feb 2, 2026

The Euro fell below the first support of 1.1910 and managed to head for a further drop.

As we see from the chart, the second support is still at 1.1800 which holds the chance for the advance wave to bounce back as the resistance is at 1.2080.

Below 1.1800 more of a drop will be expected with supports at 1.1670 and 1.1580.

	SUPPORT	RESISTANCE
LEVEL1	1.1800	1.1900
LEVEL2	1.1670	1.1995
LEVEL3	1.1580	1.2080

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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