End of day analysis for the EURUSD 23-01-2020
The EURUSD pair broke the bullish channel’s support line and settles below it, to hint the price head to achieve more decline in the upcoming period and stop the recently suggested positive scenario, on its way to visit 1.0985 level as a next negative station, noting that holding below 1.1075 will keep the expected negative pressure valid.
Midday update for Wheat price 23-01-2020
Wheat price resumes its positive trading now, supported by the positive signal provided by stochastic, to keep the bullish trend scenario valid on the intraday and short term basis, which conditions holding above 569.0 level, reminding you that our next main target is located at 596.0.
The expected trading range for today is between 570.0 support and 590.0 resistance.
The expected trend for today: Bullish
Midday update for Sugar price 23-01-2020
Sugar price shows slight bullish bias to resume the expected bullish track for today, to keep our bullish overview in the upcoming sessions, which targets 15.00 as a next main station, noting that the continuation of the bullish wave conditions holding above 14.14.
The expected trading range for today is between 14.40 support and 14.75 resistance
The expected trend for today: Bullish
Midday update for Soybean price 23-01-2020
Soybean price resumes its negative trading calmly on its way to head towards our waited target 908.1, to continue suggesting the bearish trend for the rest of the day, supported by the negative pressure formed by the EMA50, reminding you that it is important to hold below 918.2 to continue the expected decline.
The expected trading range for today is between 910.0 support and 920.0 resistance.
The expected trend for today: Bearish