The EURNZD began activating with the main indicators’ positivity, noticing its stability above %261.8 Fibonacci extension level, which represents an important support at 2.0070, attempting to record some gains by its rally towards 2.0270.
The price needs extra bullish momentum to reinforce the chances of forming strong bullish waves, to attack the barrier near 2.0385, to confirm surpassing it to open the way for recording more of the gains, to expect forming extra main target at 2.0500 reaching the top near 2.0625.
The expected trading range for today is between 2.0205 and 2.0385
Trend forecast: Bullish
Natural gas price returned to provide weak sideways trading by its fluctuation near $4.000 level, affected by the contradiction between the main indicators and the negative stability below $4.200 level.
MoreThe EURJPY pair provided new negative close below the extra barrier at 184.40, activating with stochastic negativity by reaching 183.50, to record the initial suggested target in the previous report.
MoreThe GBPJPY pair is forced to provide slow corrective trading, due to the contradiction between the main indicators, keeping its fluctuations near 210.65 level, but its stability below 211.30 level supports the chances of activating the bearish corrective attack, to keep waiting for our negative expectations until reaching 209.70 level reaching the minor bullish channel’s support at 209.00.
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