End of day analysis for the EURUSD 15-11-2019
The EURUSD pair traded with clear positivity to approach 1.1065 level, and as we mentioned in our recent reports, the price needs to hold below this level to keep the bearish trend scenario active for the upcoming period, reminding you that our waited targets begin at 1.0995 followed by 1.0950, while breaching 1.1065 represents initial key to turn towards rising on the intraday and short term basis.
Midday update for Wheat price 15-11-2019
Wheat price shows slight bearish bias in attempt to crawl gradually towards our first waited target at 501.77, thus, our bearish trend expectations will remain valid and active for today, supported by the negative pressure formed by the EMA50, while its continuation conditions holding below 514.00.
The expected trading range for today is between 500.00 support and 514.00 resistance.
The expected trend for today: Bearish
Midday update for Sugar price 15-11-2019
Sugar price managed to break 12.76 level to start activating the negative effect of the double top pattern mentioned this morning, which supports the continuation of our bearish overview efficiently in the upcoming sessions, waiting to achieve our negative targets that begin at 12.57 followed by 12.47, while holding below 12.90 represents key condition to continue the expected decline.
The expected trading range for today is between 12.57 support and 12.90 resistance
The expected trend for today: Bearish
Midday update for Soybean price 15-11-2019
Soybean price resumes its negative trading to move away from 23.6% Fibonacci correction level, which supports the continuation of our bearish overview for the rest of the day, noting that our next main target is located at 900.00, while achieving it conditions holding below 920.85.
The expected trading range for today is between 900.00 support and 922.00 resistance.
The expected trend for today: Bearish