The EURUSD pair attacked 1.1780 level to break it and trade below it now, which supports the continuation of our bearish overview in the upcoming sessions, which targets 1.1700 level mainly, reminding you that it is important to hold below 1.1805 to continue the expected decline.
Wheat price broke 701.00 level and close the last four hours’ candlestick below it, to complete forming double top pattern that we expect to press on the price to turn to decline, noting that the first negative target is located at 680.20.
Therefore, the bearish bias will be suggested for the upcoming sessions unless breaching 701.00 and holding above it again.
The expected trading range for today is between 680.00 support and 705.00 resistance.
The expected trend for today: Bearish
Soybean price faces negative pressure to break 1370.00 level and attempts to hold below it, to complete forming negative pattern that we expect to turn the intraday track to the downside, on its way to achieve negative targets that start at 1318.80.
Therefore, the bearish bias will be suggested for the rest of the day unless the price managed to trade above 1370.00 and consolidate above it again.
The expected trading range for today is between 1355.00 support and 1385.00 resistance.
The expected trend for today: Bearish for the rest of the day
Corn price presses negatively on 559.00 level, which urges caution from the upcoming trades, as breaking this level will stop the positive scenario and push the price to return to the main bearish track again, while the price needs to consolidate above 559.00 to resume the bullish trend that its targets start at 571.50 followed by 584.10.
The expected trading range for today is between 555.00 support and 575.00 resistance.
The expected trend for today: Bullish