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Midday update for the EURUSD 11-09-2023
The EURUSD pair shows more bullish bias, to keep the bullish trend scenario valid and active for today, motivated by stochastic positivity, waiting to visit 1.0785 that represents our next main target.
We remind you that surpassing the mentioned level will push the price to 1.0880 as a next positive target, while the expected rise will remain valid unless breaking 1.0700 and holding below it.
The expected trading range for today is between 1.0650 support and 1.0810 resistance.
The expected trend for today: Bullish
The GBPSEK is below the resistance – Analysis – 11-9-2023
The GBPSEK pair kept the efficiency of the bearish track by providing frequent closings below 14.0200 resistance, to notice the beginning of forming negative waves and touch 13.7837, also, stochastic exit from the overbought areas will increase the chances of gathering the negative momentum to increase the chances of starting to the additional negative stations located at 13.7440 and 13.6740 levels.
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Natural gas price repeated the sideways fluctuation within achieving any new positive target, to notice its move between the major support at 2.450, while 2.800 forms solid obstacle against the bullish rally.
MoreThe EURJPY is forced to decline – Analysis – 11-9-2023
The EURJPY pair opened today by forming new bearish wave, attempting to settle below the additional support at 157.00, to hint surrendering to the domination of the correctional bias.
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