Gold price did not show any strong move since morning, to continue fluctuating near the EMA50, thus, no change to the bullish trend scenario that depends on the price stability above 1691.10, reminding you that we are waiting to breach 1721.00 to reinforce the chances of rallying towards our first target at 1764.00.
The expected trading range for today is between 1690.00 support and 1750.00 resistance.
The expected trend for today: Bullish
The GBPUSD pair provided clear positive trades this morning and returns to fluctuate around 1.2635, hinting the price head to continue the bullish trend, organized inside the bullish channel that appears on the chart, reminding you that our next main target is located at 1.2777, while holding above 1.2515 represents key condition to achieve it.
The expected trading range for today is between 1.2515 support and 1.2700 resistance.
The expected trend for today: Bullish
The EURUSD pair faces negative pressure now to approach testing the key support base 1.1295, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend scenario active for today, which gets continuous support by the EMA50, waiting to get positive motive that assists to push the price to head towards our next target at 1.1418.
Note that the markets waiting for the unemployment and payrolls’ data from the US economy today, which might cause mixed trades and high volatility, which urges caution from the upcoming trading.
The expected trading range for today is between 1.1260 support and 1.1430 resistance.
The expected trend for today: Bullish
The EURCHF Pair faced strong positive pressures recently, to notice forming strong correctional bullish rebound to approach the main bearish channel’s resistance at 1.0878.
The stability of the current resistance will force the price to form new negative trades to start targeting the negative levels at 1.0778 and 1.0723, while breaching the resistance and holding above it will confirm moving to the bullish track, allowing us to suggest reaching new positive stations that might start at 1.0970.
The expected trading range for today is between 1.0880 and 1.0778
The expected trend for today: Bearish