The EURUSD pair rallies upwards to test the key resistance 1.1275, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the negative scenario active for the rest of the day, and it needs to break 1.1200 to reinforce the chances of heading towards the next main negative target at 1.1145.

The expected trading range for today is between 1.1140 support and 1.1275 resistance.

The expected trend for today: Bearish

The AUDCHF pair exited the sideways range by gathering the additional negative momentum, to notice the beginning of forming strong negative trades and achieve some negative targets by reaching 0.6635.

We remind you that the bearish track depends on the stability of the major resistance at 0.7000, also, the moving average 55 forms additional barrier by settling near 0.6790, to increase the chances of gathering the negative momentum, waiting to achieve additional negative targets that might start at 0.6580 followed by reaching 23.6% Fibonacci correction level at 0.6515.

The expected trading range for today is between 0.6735 and 0.6580

The expected trend for today: Bearish

The Australian index lost the positive momentum, which pushed it to form new negative attack and crawl below the bullish channel’s support line at 7350.00, hinting moving to the bearish track and notice recording losses by reaching 7230.00.

The moving average 55 consolidation near the broken support confirms blocking trades within the bearish track, allowing us to suggest more negative attempts that might target 7120.00 level soon, while breaking this obstacle might extend losses towards 6920.00 in the medium term period.

The expected trading range for today is between 7360.00 and 7120.00

The expected trend for today: Bearish

IBEX index repeated the negative closings below 8980.00 resistance, to hinder the attempt to regain the bullish bias and increase the chances of forming strong negative waves as expected previously.

Stochastic exit from the oversold areas interprets the reasons of the current sideways fluctuation to keep waiting to gather the additional negative momentum and manage to decline towards the negative stations represented by 8620.00 followed by reaching 23.6% Fibonacci correction level at 8260.00.

The expected trading range for today is between 8950.00 and 8620.00

The expected trend for today: Bearish