The EURUSD pair declined in its last intraday trading, leaning on EMA50’s support, amid its attempts to look for higher low to use it as a base to help it gain the required bullish momentum for its recovery, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trend line for this path, besides the emergence of the positive signals from the relative strength indicators after reaching oversold levels, intensifying the positive pressure on the pair.
Coffee price lost its bullish momentum in its last trading, forcing it to provide some bearish corrective trading by targeting 324.50 level, note that the contradiction of the main indicators might push the price to provide mixed sideways trading, however the main stability above 275.90 level forms an important support level that makes us keep the bullish scenario in the near and medium period trading.
MoreNatural gas prices provided several negative closes below $3.020 level, which represents extra support barrier, reaching the target at $2.820.
MoreThe EURJPY pair reached 286.00 level in its last bullish rally, forcing it to form some corrective waves, holding near 185.65 level, this rebound will not affect the previously suggested bullish trend, depending on forming main support at 184.35 level, besides forming a new extra support against the bullish attempts at 185.15.
More