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Midday update for the EURUSD 05-10-2021

Economies.com
2021-10-05 09:38 UTC

The EURUSD pair shows slight bearish bias, crawls gradually towards the recorded low at 1.1563, waiting for more decline to break this level and confirm opening the way to head towards 1.1500, reminding you that the continuation of the bearish wave depends on the price stability below 1.1645.

 

The expected trading range for today is between 1.1520 support and 1.1650 resistance.

 

The expected trend for today: Bearish

Natural gas price fluctuates below the barrier – Analysis – 5-10-2021

Economies.com
2021-10-05 05:00 UTC

Natural gas price continued to provide weak sideways trades, affected by the stability of 6.307 barrier, to hinder the bullish rally and increase the chances of forming correctional bearish rebound.

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The European index fluctuates above the major support – Analysis – 5-10-2021

Economies.com
2021-10-05 04:59 UTC

The European index ended the negative rebound by providing positive close above the bullish channel’s support line at 3960.00, attempting to keep the bullish bias domination for the upcoming period, thus, we will keep waiting to gather the positive momentum to manage to form bullish waves, waiting to reach 4070.00 and 4140.00 levels.

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The EURJPY still bearish – Analysis – 5-10-2021

Economies.com
2021-10-05 04:58 UTC

Despite the EURJPY price’s positive rebound and touching 129.37 level, the main stability below the bearish channel’s resistance towards 129.60 confirms the continuation of the negativity for the upcoming period.

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