|
Midday update for the EURUSD 13-09-2019
The EURUSD pair trades positively to attempt to breach the bearish channel’s resistance, which urges caution from the upcoming trading, as confirming breaching this level will push the price to achieve more rise and head towards 1.1180 as a next positive station, while consolidating below it will lead the price to start bearish wave that targets 1.0857 areas mainly.
The expected trading range for today is between 1.0960 support and 1.1120 resistance.
The expected trend for today: Bearish
The EURGBP fluctuates within the bearish range – Analysis – 13-9-2019
In spite of forming positive rebounds by the EURGBP price in the last period, but that will not affect the main negative track, due to its stability within the bearish channel levels that appears in the above image.
MoreGermany: Commerz Bank faces new resistance – Analysis – 13-9-2019
Commerz Bank ended its bullish correctional rally by facing a new resistance at 5.93, to assist confirming the main bearish bias domination, and the stability of the moving average 55 above the current resistance will increase the negative pressures, which makes us prefer reaching to 5.26 level, then wait for providing a new negative pressure on the support level at 4.65.
MoreThe EURJPY takes advantage of the positive pressures – Analysis – 13-9-2019
The EURJPY pair get advantage from the extra positive momentum that comes from stochastic which is settled within the overbought level, to notice forming a strong positive rally, to approach from the initial target at 120.05.
More