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Midday update for the EURUSD 05-12-2022

Economies.com
2022-12-05 10:48AM UTC

The EURUSD pair is affected by the negative momentum to show some slight bearish bias, but as long as the price is above 1.0515, our bullish overview will remain valid for today, supported by the EMA50 that carries the price from below, reminding you that our waited targets begin at 1.0600 and extend to 1.0750 after surpassing the previous level.

 

The expected trading range for today is between 1.0500 support and 1.0680 resistance.

 

The expected trend for today: Bullish

The EURCHF attempts to resume the rise – Analysis – 5-12-2022

Economies.com
2022-12-05 05:49AM UTC

The EURCHF pair succeeded to provide new positive close above the moving average 55 at 0.9845, to confirm its surrender to the domination of the suggested bullish bias and approach the first target at 0.9900.

 

Note that stochastic continuous positive momentum will provide additional chance to record additional gains that might extend towards 0.9935 followed by 1.0000 in the medium term period.

 

The expected trading range for today is between 0.9865 and 0.9935

 

The expected trend for today: Bullish

Natural gas price declines below the support – Analysis – 5-12-2022

Economies.com
2022-12-05 05:48AM UTC

Natural gas price opened today with big gap to decline below the minor bullish channel’s support at 6.350, suffering big losses by reaching 5.850.

 

The frequent stability below the broken support and stochastic negative momentum signals confirm the domination of the bearish bias again, to expect crawling towards 5.550 followed by pressing on the additional support at 5.350 in order to find a way to resume the decline in the upcoming period.

 

The expected trading range for today is between 6.150 and 5.350

 

The expected trend for today: Bearish

Hang Seng index attempts to move to the bullish track – Analysis – 5-12-2022

Economies.com
2022-12-05 05:48AM UTC

Hang Seng index continued to form correctional bullish trades recently, to notice surpassing the bearish channel’s resistance at 19200 and record additional gains by reaching 19315, while confirming the move to the bullish track requires new positive closings above the breached resistance to manage to gather the additional positive momentum and start targeting new positive stations that might start at 19730 and 20200.

 

On the other hand, turning back to fluctuate below the resistance will force the price to form strong negative waves, expecting to suffer many losses by moving towards 18750 followed by attempting to touch the moving average 55 at 18100.

 

The expected trading range for today is between 19200 and 19700

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1688 (2025-07-13 06:35AM UTC)