End of day analysis for the EURUSD 18-09-2020
The EURUSD pair continues to fluctuate near the intraday bearish channel’s resistance line, and as long as the price is below 1.1870 and 1.1910 levels, our bearish overview will remain valid for the upcoming period, supported by stochastic negativity, reminding you that our next main target is located at 1.1720.
Midday update for Wheat price 18-09-2020
Wheat price shows some bearish bias to approach testing 557.30 level that forms support base after breaching it previously, affected by stochastic negativity, and as long as the price is above this level, our bullish overview will remain valid for today, waiting to resume the bullish bias that targets 590.50 areas on the near term basis.
The expected trading range for today is between 555.00 support and 575.00 resistance.
The expected trend for today: Bullish
Midday update for Sugar price 18-09-2020
Sugar price tested 13.15 level that forms solid resistance against the price’s positive attempts, waiting to get positive motive that assists to confirm the breach and continue the rise on the intraday basis, as our next positive target is located at 13.73.
In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 12.86 level and holding below it.
The expected trading range for today is between 12.80 support and 13.50 resistance
The expected trend for today: Bullish
Midday update for Soybean price 18-09-2020
Soybean price keeps its stability above the support base formed above 1039.60 after breaching it previously, to keep the bullish trend scenario valid and active in the upcoming sessions, which targets visiting 1065.80 level as a next main station, reminding you that the continuation of the bullish wave conditions holding above 1039.60 and 1029.50 levels.
The expected trading range for today is between 1030.00 support and 1060.00 resistance.
The expected trend for today: Bullish