Forecast update for EURUSD -18-07-2025
AI Summary
- EURUSD price rose, approaching critical resistance level at 1.1655
- RSI at overbought levels, negative pressure expected
- Short-term signals showing negative overlap, trading alongside bias line
The price of (EURUSD) rose in its recent intraday levels, approaching from retesting the critical resistance level at 1.1655, accompanied by reaching the resistance of its EMA50, the (RSI) reach to overbought levels puts it under negative pressure, with the beginning of negative overlapping signals appearance on the short-term basis and its trading alongside a bias line.
Coffee price settles above the support – Forecast today – 18-7-2025.
Coffee prices repeatedly provided positive closes above the critical support near 275.90, to notice forming several bullish waves, to settle within the minor bullish channel’s levels that its support is located near 297.35, to begin recording gains by reaching 309.10.
The stability within the bullish channel’s levels and providing positive momentum by stochastic will reinforce the chances for recording extra gains by its rally to 317.60, then attempts to press on 38.2%Fibonacci correction level at 327.40.
The expected trading range for today is between 299.00 and 317.60.
Trend forecast: Bullish
The EURJPY repeats the positive closes– Forecast today – 18-7-2025.
The EURJPY pair kept its stability above the breached bullish channel’s resistance, which forms an extra support at 172.10, forming a new bullish rally and its fluctuation near 173.00 level.
Note that monitoring the price behavior after achieving the target at 173.40, due to the continuation of stochastic contradiction by its fluctuations below 80 level, and surpassing this level is important to reinforce the chances for resuming the bullish attack and reaching new positive stations that might extend to 173.85 and 174.40, while activating the bearish correctional track requires a sharp decline to settle below 172.00.
The expected trading range for today is between 172.10 and 173.85.
Trend forecast: Bullish
The GBPJPY rises again– Forecast today – 18-7-2025.
The GBPJPY pair continued the bullish attempts by surpassing the barrier at 198.80, forming a strong bullish rally, approaching from the main initial target at 200.35 level.
Note that the main stability within the bullish channel levels and providing positive momentum by stochastic will increase the efficiency of the bullish track, surpassing 200.35 level makes us expect targeting new positive stations that might extend to 200.85 and 201.55.
The expected trading range for today is between 199.30 and 200.85.
Trend forecast: Bullish