The EURUSD pair rallied upwards to breach the bearish channel’s resistance and approaches the key resistance 1.1375, and as we mentioned this morning, holding below this level is required to keep the bearish trend active for today, supported by stochastic negativity that appears clearly now, waiting to resume the bearish wave that its next main target located at 1.1145, noting that breaching 1.1375 will stop the negative scenario and lead the price to turn to rise.
The expected trading range for today is between 1.1200 support and 1.1360 resistance.
The expected trend for today: Overall bearish
Coffee price lost its positive momentum recently, to force it to crawl below 239.10 level and confirm its surrender to the correctional bearish bias domination, to notice reaching 229.30.
Despite the price consolidation within the bearish channel, the stability of 239.10 barrier and stochastic continuous negative momentum signals allow us to suggest more correctional decline that might target 222.05 followed by 214.40 levels.
The expected trading range for today is between 239.10 and 222.05
The expected trend for today: Bearish
Nikkei index activated the correctional bearish attack, affected by 29970.00 level forming additional barrier, to notice gathering the negative momentum recently by stochastic decline below 50 level, achieving some negative targets by touching 27395.00 level.
Therefore, we expect the continuation of the correctional negative trades until reaching the additional support at 26280.00, while breaking this obstacle might extend losses towards 24440.00 as a next main target for the bearish bias.
The expected trading range for today is between 28800.00 and 26280.00
The expected trend for today: Bearish
The EURJPY pair kept its negative stability below 128.60 barrier, to reinforce the domination of the previously expected bearish bias, also, stochastic provides the negative momentum by crawling below 50 level, allowing us to suggest more negative attempts, waiting to target 127.40 followed by reaching the next support line at 126.80.
Note that attempting to rally above the mentioned barrier and holding above it will postpone the negative attack, allowing it to decrease the losses and target some positive levels that start at 129.20.
The expected trading range for today is between 128.60 and 127.40
The expected trend for today: Bearish