The EURUSD pair faces solid resistance at 1.1375 level, to show some slight bearish, and we need to monitor the upcoming trading carefully, as the consolidation of this level against the positive attempts will press on the price to rebound bearishly and head towards 1.1290 before any new positive attempt.
The expected trading range for today is between 1.1300 support and 1.1450 resistance.
The expected trend for today: Bullish
The GBPCHF pair formed strong correctional bullish rally recently, achieving many gains by reaching 1.2608, noting that the stability of 1.2645 extended resistance that forms solid obstacle against the attempt to regain the bullish bias might force the price to end the correctional attempts, to form negative waves and target 1.2525 level initially, followed by reaching the moving average 55 at 1.2455.
Also, stochastic reach to the overbought areas confirms ending the bullish attack, waiting to gather the negative momentum in order to start the expected negative attack.
The expected trading range for today is between 1.2645 and 1.2525
The expected trend for today: Bearish
Natural gas price achieved many positive targets recently by reaching the minor bullish channel’s resistance at 4.250, to force it to form sideways fluctuation until gathering the additional positive momentum.
Note that the stability of the additional support 4.100 and stochastic attempt to rally above 50 level allow us to keep the bullish overview, to expect attacking 4.270 level soon and attempt to reach the next main target at 4.350.
The expected trading range for today is between 4.150 and 4.270
The expected trend for today: Bullish
Despite the European index recent consolidation within the bullish channel, we notice the clear weak trades due to the lack of the positive momentum, in addition to the stability of 4380.00 barrier, which hinders the attempt to resume the previously expected bullish attack.
We will depend on the moving average 55 forming additional support at 4200.00 and wait to gather the positive momentum to assist to breach the mentioned barrier in order to resume recording gains that might start at 4452.00.
The expected trading range for today is between 4235.00 and 4380.00
The expected trend for today: Bullish