The price of (EURUSD) rose in its last intraday trading, taking advantage of the positive signals that appear in the relative strength indicators, indicating an improvement in the supportive momentum for the price movement, amid the continuation of the pair’s attempts to reinforce its recovery after limited previous declines.
The price gets extra support from its stability above EMA50, reinforcing the continuation of the bullish corrective wave on the short-term basis, and raises the possibilities for completing the upside track in the upcoming sessions, if the price settled above this dynamic key support.
Thanks for your feedback.
The CADJPY succeeded in providing new positive close above 38.2%Fibonacci corrective level at 109.30, to notice its rally to the upside and its stability near 110.00, confirming the main bullish scenario.
MoreNatural gas price faced difficulty by surpassing $4.520 level, forming extra barrier against the bullish rally, which forced it to form some mixed trading by its stability near $4.380.
MoreThe EURJPY pair faced new bullish pressure due to stochastic approach from the overbought level, to achieve some gains by its stability near 178.45.
More