End of day analysis for the EURUSD 16-10-2020
The EURUSD pair attempted to breach 1.1720 level but it returns to attempt to trade below it again, which keeps our bearish overview valid for the upcoming period, which depends on the price stability below the mentioned level and below 1.1750, while its next main target located at 1.1540.
Midday update for Wheat price 16-10-2020
Wheat price shows sideways trading since morning, settling near 620.00 level, and as long as the price is above 608.50, our bullish overview will remain valid for today, supported by the EMA50, reminding you that we are waiting to visit 625.50 level as a next main target.
The expected trading range for today is between 610.00 support and 625.50 resistance.
The expected trend for today: Bullish
Midday update for Sugar price 16-10-2020
Sugar price shows positive trades now to resume the expected main bullish track for the upcoming period, to keep our bullish overview that targets 15.14 level as a next main station, reminding you that it is important to hold above 13.73 to achieve the waited targets.
The expected trading range for today is between 14.00 support and 14.60 resistance
The expected trend for today: Bullish
Midday update for Soybean price 16-10-2020
Soybean price resumes its positive trades to move away from the minor bullish channel’s support line, thus, the bullish trend will remain dominant in the upcoming sessions, and the way is open to achieve our positive targets that start at 1070.00 and extend to 1096.90, reminding you that it is important to hold above 1039.60 and 1032.00 levels to continue the expected rise.
The expected trading range for today is between 1045.00 support and 1070.00 resistance.
The expected trend for today: Bullish