End of day analysis for the EURUSD 31-07-2020
The EURUSD pair traded with clear negativity to test the bullish channel’s support line that appears on the chart, waiting to rebound bullishly to resume the main bullish trend, which its targets begin by breaching 1.1890 to open the way to rally towards 1.1995 as a next main station, reminding you that it is important to hold above 1.1760 to continue the suggested rise.
Midday update for Wheat price 31-07-2020
Wheat price makes a new test to 536.80 level, as we mentioned in our last reports, the price needs to settle below this level, to keep the bearish trend scenario active in the upcoming period, supported by stochastic negativity, reminding you that our initial main target is located at 520.20.
The expected trading range for today is between 520.00 support and 536.80 resistance.
The expected trend for today: Bearish
Midday update for Sugar price 31-07-2020
Sugar price shows more of the upside moves to approach gradually from our main waited target at 12.86, reinforcing the expectations for the continuation of the bullish wave, depending on the stability above 12.16 level, pointing that breaching the targeted level will extend the bullish trend to reach 13.45 then 13.73 as next main station.
The expected trading range for today is between 12.10 support and 12.86 resistance
The expected trend for today: Bullish
Midday update for Soybean price 31-07-2020
Soybean price surpassed the EMA50 and settles above it, reinforcing the expectations for the bullish trend continuation in the upcoming sessions, targeting 905.50 level as an initial positive station, reminding you that the continuation of the bullish wave conditioned by holding above 888.50 and the most important above 880.00 levels.
The expected trading range for today is between 885.00 support and 900.00 resistance.
The expected trend for today: Bullish