Midday update for the EURUSD 11-06-2021
The EURUSD pair still stuck between the key levels represented by 1.2175 support and 1.2190 resistance, to continue with our neutrality until breaching one of these levels followed by detecting the next destination clearly.
To review the details of the expected targets after the breach, please check our morning report.
The expected trading range for today is between 1.2100 support and 1.2280 resistance.
The expected trend for today: Neutral
The GBPCHF begins the negative correction – Analysis – 11-6-2021
Despite the GBPCHF pair‘s consolidation within the bullish channel, its recent crawling below 1.2795 confirms postponing the bullish attack, to start forming correctional bearish waves in the near term and medium term period.
Stochastic provides the negative momentum by approaching 20 level, to increase the chances of crawling below the moving average 55 at 1.2590, to manage to record the correctional targets near 1.2520 and 1.2360 levels.
The expected trading range for today is between 1.2720 and 1.2590
The expected trend for today: Bearish
IBEX index prepares for new rise – Analysis – 11-6-2021
IBEX index provided more sideways fluctuation recently to keep its consolidation above the additional support at 9060.00, to increase the chances of resuming the bullish attack in the upcoming period.
Also, stochastic approach to 80 level will provide the price with new positive momentum, to keep our expectations to move towards 9250.00 level soon, while surpassing it will allow the price to reach the second target at 9348.00.
The expected trading range for today is between 9080.00 and 9250.00
The expected trend for today: Bullish
The EURJPY tends to the temporary negativity – Analysis – 11-6-2021
The EURJPY pair repeated its fluctuation below 133.60 barrier to confirm surrendering to the domination of the correctional bearish bias in the near term and medium term period, assuring the importance of gathering the negative momentum to ease the mission of crawling towards 132.50 to form the first negative target, followed by attempting to test the main bullish channel’s support line at 132.00.
The expected trading range for today is between 133.60 and 132.50
The expected trend for today: Bearish