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Midday update for the EURUSD 02-08-2022

Economies.com
2022-08-02 08:59AM UTC

The EURUSD pair shows clear negative trades after facing solid resistance at 1.0278, to test 1.0200 level, which urges caution from the upcoming trading, as continuing the decline and breaking this level will push the price to achieve additional decline that reaches 1.0100 before any new attempt to rise, while the price needs to breach 1.0278 to confirm rallying towards 1.0355 as a next positive target.

 

The expected trading range for today is between 1.0170 support and 1.0300 resistance.

 

The expected trend for today: Bullish

Coffee price begins to decline – Analysis – 2-8-2022

Economies.com
2022-08-02 06:48AM UTC

Coffee price repeated the negative closings below the moving average 55 at 221.00, to keep the stability below the bearish channel and achieve the first target at 212.00.

 

Also, stochastic exit from the overbought areas will assist to provide the additional negative momentum to increase the efficiency of the bearish track to expect reaching 203.50 level soon, while surpassing this obstacle will extend trades towards 190.00.

 

The expected trading range for today is between 216.00 and 203.50

 

The expected trend for today: Bearish

Natural gas price fluctuates below the resistance – Analysis – 2-8-2022

Economies.com
2022-08-02 06:48AM UTC

Natural gas price approached the first negative target at 7.610, to rebound towards 8.210 in order to gather the required additional negative momentum to resume the previously suggested correctional bearish attack.

 

We remind you that the frequent stability below 9.100 resistance supports the domination of the previously suggested bearish bias, allowing us to wait to gather the negative momentum to ease the mission of pressing on 7.610 level, while breaking it might extend trades towards 7.330 and 7.050 levels.

 

The expected trading range for today is between 8.400 and 7.610

 

The expected trend for today: Bearish

Hang Seng index resumes the decline – Analysis – 2-8-2022

Economies.com
2022-08-02 06:47AM UTC

Hang Seng index succeeded to take advantage of the negative pressures to resume the negative attack and approach the first main target at 19345, reminding you that the main stability within the bearish channel and stochastic attempt to provide the negative momentum support the continuation of the negativity, to keep waiting to record new negative targets that might start at 18935 and 18320.

 

The expected trading range for today is between 19850 and 18935

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1600 (2025-07-15 19:06PM UTC)