The EURUSD pair surged higher in its last intraday trading, surpassing the resistance of EMA50, to get rid of its negative pressure, surpassing the resistance of minor bearish trend line on the short-term basis, as a clear signals for continuing the upside movement in the near upcoming period, with the emergence of positive signals from the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more gains.
Coffee price confirmed the dominance of the bearish bias by providing repeated closes below the barrier at 275.80 level, activating with the main indicators negativity by surpassing the initial support at 256.60 and its stability near 246.35.
No escape from forming extra bearish waves, to keep waiting to reach extra negative stations at 233.80 reaching the next support at 220.00 level, which represents confirmation key for the futuristic trading.
The expected trading range for today is between 233.80 and 258.00
Trend forecast: Bearish
Natural gas price renewed the bullish attempts, reaching the moving average55 at $3.350, to find an exit for resuming the bullish trend in the near and medium period trading.
Note that holding above $3.150 support and providing positive momentum will ease the mission of reaching the next target at $3.520, as surpassing it might extend the trading towards the next station at $3.680.
The expected trading range for today is between $3.220 and $3.520
Trend forecast: Bullish
The EURJPY pair began this morning with new positive trading, attempting to settle above 186.00, to increase the efficiency of the previously suggested trend, while gathering extra positive momentum makes us expect its rally towards 186.65 level, attempting to resume the bullish trend, reaching the next main target near 187.35.
The failure of confirming the breach will increase the chances of forming temporary corrective waves, to attempt to reach 185.40, to test the main support at 184.80 before any attempt to record the previously suggested targets.
The expected trading range for today is between 185.50 and 186.60
Trend forecast: Bullish