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The EURUSD attempts to recover - 07-02-2024

Economies.com
2024-02-07 04:22AM UTC

The EURUSD pair’s decline stopped at 1.0720 level, to start providing positive trades and attempts to surpass 1.0765 level by today’s open, which hints heading to recover in the upcoming sessions, on its way to achieve expected gains that start at 1.0805 followed by 1.0860.

 

Therefore, the bullish bias will be suggested for today, taking into consideration that failing to confirm breaching 1.0765 will stop the expected rise and push the price to resume the bearish wave that its next target located at 1.0645.

 

The expected trading range for today is between 1.0700 support and 1.0850 resistance.

 

The expected trend for today: Bullish

Evening update for Crude oil price 06-02-2024

Economies.com
2024-02-06 15:52PM UTC

Crude oil price managed to reach our waited positive targe tat 73.73 and finds solid resistance there, and we need to monitor the price in the upcoming sessions to confirm the next destination, as the consolidation of this level against the price will push trades to rebound bearishly and head to achieve negative targets that start at 70.00, while breaching it represents the key to head to achieve additional gains that reach 75.45.

Evening update for Gold 06-02-2024

Economies.com
2024-02-06 15:52PM UTC

Gold price managed to breach 2035.00 level and attempts to hold above it, to support the continuation of the expected bullish trend for today, which its next target located at 2065.70, while achieving it requires holding above 2016.90.

Evening update analysis for the EURUSD 06-02-20240

Economies.com
2024-02-06 15:52PM UTC

The EURUSD pair settles below 1.0765 level, and stochastic begins to overlap negatively, waiting to motivate the price to resume the bearish trend that targets 1.0645 level as a next station, supported by the EMA50, reminding you that it is important to hold below 1.0765 to continue the expected decline.