The EURUSD pair shows positive trading to attempt to move away from 1.0200 level, which supports the continuation of the expected bullish trend scenario for today, targeting 1.0278 then 1.0355 levels as next main stations, pointing that the EMA50 keeps supporting the suggested bullish wave, while holding above 1.0100 represents an important condition for achieving the expected targets.
The expected trading range for today is between 1.0140 support and 1.0300 resistance.
The expected trend for today: Bullish
Coffee price gained some of the positive momentum yesterday, which might push it to form temporary bullish correctional rebound, to test the moving average 55 near 221.00.
The main stability within the bearish channel’s levels that appear in the above image, besides the attempt of forming an extra barrier by the moving average55, so that makes us wait for gathering negative momentum, to ease the mission of renewing the negative attack and reaching 211.60 and 204.40 in the near period.
The expected trading range for today is between 222.00 and 211.60
The expected trend for today: Bearish
Natural gas price formed a temporary negative rebound yesterday, testing the initial support at 8.100 level, affected by the contradiction between stochastic negativity and the positivity of the moving average 55.
We will depend on the stability of the current support, which assists activating the bullish track again, to expect targeting 8.5500 level initially, to attempt to renew the pressure on the barrier at 9.050, while reaching below this support will confirm its surrender to the bearish correctional bias domination, which increases the chances for suffering extra losses that might extend to 7.840 and 7.610.
The expected trading range for today is between 8.00 and 8.550
The expected trend for today: Bullish
The EURJPY pair formed a strong negative attack to surpass 38.2% Fibonacci correction level, which formed the initial main target by its stability at 136.75, suffering extra losses by hitting 135.60 level.
We expect the trading reach to 135.10 then begin providing sideways fluctuation until gaining the required extra negative momentum, to reinforce the bearish track and reaching 50% Fibonacci correction level at 134.35.
The expected trading range for today is between 136.40 and 135.10
The expected trend for today: Bearish