The EURUSD pair resumed its negative trades clearly after testing the bearish channel’s resistance that appears on the chart, to approach our waited target at 1.0775, noting that moving inside the mentioned channel supports the chances of breaking the mentioned level to open the way to achieve additional negative targets that reach 1.0600.

Therefore, the bearish trend scenario will remain valid and active conditioned by the price stability below 1.0890 and the most important below 1.0950.

The expected trading range for today is between 1.0740 support and 1.0890 resistance.

The expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0176	-0.0043	0.4213%
Midday update for the EURUSD 16-08-2022
	GBP/USD	1.2111	0.0006	0.0533%

	Silver	20.135	-0.115	0.570%

	Oil	86.730	-0.531	0.609%
Midday update for Crude oil 16-08-2022
	Brent Oil	92.34	-2.76	2.90%

	Gold	1775.745	-5.940	0.333%
Midday update for Gold 16-08-2022

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