The pair retested 0.8160 again, keeping the stability below it to resume its decline again, where the pair begins now attempts to break 0.8060
In general, we are continuing in preferring the bearish trend on the intraday and short term basis, and the next targets at 0.7920, while achieving them requires holding below 0.8160
Expected trading range for today is between: 0.7920 support and 0.8160 resistance.
Expected trend for today: Bearish
After yesterday’s positive temporary attempts, the pair begins today’s trading with bearish bias heading towards the critical support 0.9580, which represents a main key to detect the trend on the short and medium term basis.
Until now, the bearish trend scenario remains preferred, until breaching 0.9775 then 0.9810 will delay achieving the suggested decline, leading to a potential retest to 0.9930
Expected trading range for today is between: 0.9485 support and 0.9775 resistance.
Expected trend for today: Bearish
Crude oil price settled above the EMA50, supporting the chances of the intraday positive bias continuation which targets testing 96.75
And until now, the sideways trading scenario remains valid and active, between 92.75 support and 96.75 resistance, until managing to confirm breaching one of these levels, where breaching the mentioned resistance will open the way towards targeting the psychological initially 100.00, while breaking below the support will cause loses that mainly begin at 90.00
Expected trading range for today is between: 92.00 support and 96.75 resistance.
Expected trend for today: Sideways
Silver price continued to fluctuate in sideways range between 22.00 and 23.00; therefore, there is no change at our suggested expectations in our recent reports, where we are waiting to surpass one of these levels to confirm the next trend on the intraday and short term basis.
More details around the waited targets for the upcoming period that explained in our previous reports.
Expected trading range for today is between: 21.00 support and 23.50 resistance.
Expected trend for today: Depends on the abovementioned levels