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Midday update for the EURUSD 31-01-2023

Economies.com
2023-01-31 10:30AM UTC

The EURUSD pair faces additional negative pressure to break 1.0845 level and heads towards potential visit to the key support levels between 1.0780 and 1.0745 levels, making the bearish bias suggested for the rest of the day, supported by moving below the EMA50, taking into consideration that breaching 1.0845 and holding above it again will reactivate the main positive scenario again.

 

The expected trading range for today is between 1.0750 support and 1.0900 resistance.

 

The expected trend for today: Bearish for the rest of the day

The GBPCAD holds above the support – Analysis – 31-1-2023

Economies.com
2023-01-31 05:59AM UTC

The GBPCAD pair confirmed keeping the bullish attempts by providing new positive close above the minor bullish channel’s support line at 1.6470, to manage to renew the bullish rally and settle near 1.6555.

 

Now, stochastic attempt to provide the positive momentum allows us to suggest more positive attempts, to target 1.6680 level soon, while surpassing it will push the price to reach the additional stations at 1.6800 and 1.6930 levels.

 

The expected trading range for today is between 1.6490 and 1.6680

 

The expected trend for today: Bullish

Natural gas price faces new negative pressures – Analysis – 31-1-2023

Economies.com
2023-01-31 05:58AM UTC

Natural gas price still affected by the frequent negative pressures due to stochastic attempt to crawl towards the oversold areas, to increase the efficiency of the bearish track and notice its fluctuation near the negative target at 2.650.

 

Also, the stability of 3.500 barrier forms major factor to confine trades within the bearish track, to keep waiting to resume the negative attack until touching the bearish channel’s resistance at 2.250 followed by monitoring the price behavior to manage to detect the next main targets.

 

The expected trading range for today is between 3.150 and 2.500

 

The expected trend for today: Bearish

The EURJPY needs to break the additional support – Analysis – 31-1-2023

Economies.com
2023-01-31 05:56AM UTC

The EURJPY pair returned to provide sideways fluctuation, affected by the stability of the additional support at 140.25, which hinders the attempts to resume the previously waited bearish attack, noticing blocking trades below the moving average 55 to decrease the chances of pressing on 142.80 barrier and provide the chance to gather the required additional negative momentum to achieve the break.

 

We remind you that succeeding to crawl below 140.25 and getting negative close will confirm its preparation to target many negative stations, waiting to reach 139.40 followed by 138.20 levels.

 

The expected trading range for today is between 141.80 and 140.25

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1688 (2025-07-13 06:35AM UTC)