Midday update for the EURUSD 25-06-2021
The EURUSD pair shows calm bullish bias and attempts to return to the intraday bearish channel, to keep our bullish overview that depends on the price stability above 1.1888, supported by stochastic positivity, reminding you that our targets begin at 1.1975 and extend to 1.2064 after surpassing the previous level.
The expected trading range for today is between 1.1880 support and 1.2020 resistance.
The expected trend for today: Bullish
The GBPCHF fluctuates within the bullish track – Analysis – 25-6-2021
The GBPCHF pair lost the positive momentum recently, to rebound bearishly from 1.2842 level as appears on the chart, expecting to form additional support at 1.2700 and start forming new bullish waves to resume the mission of recording the positive targets near 1.2880 and 1.3030.
Note that facing continuous negative pressures and crawling below the additional support will postpone the positive overview and start forming strong correctional bearish waves to move towards 1.2610 and 1.2515 levels.
The expected trading range for today is between 1.2700 and 1.2830
The expected trend for today: Bullish
The Australian index needs new positive momentum – Analysis – 25-6-2021
The Australian index repeated the weak sideways trades despite its consolidation within the bullish channel, due to the contradiction between stochastic negativity against the positive stability, assuring the importance of settling above the initial support at 7205.00 to increase the efficiency of the bullish track, expecting to gather the required positive momentum to reach 7410.00 followed by pressing on 7515.00 barrier.
The expected trading range for today is between 7240.00 and 7410.00
The expected trend for today: Bullish
The EURJPY settles below the resistance – Analysis – 25-6-2021
The EURJPY pair still stable below the main resistance 132.55, to increase the chances of forming strong bearish waves soon, to target 131.80 and 131.10 levels initially.
We remind you that facing continuous positive pressures and breaching the mentioned resistance confirm regaining the bullish bias by entering the bullish channel, to start suggesting the bullish trades and target 133.65 initially.
The expected trading range for today is between 132.60 and 131.80
The expected trend for today: Bearish