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.
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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.
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MoreThe 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.
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