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The EURUSD attempts to recover - 08-09-2023
The EURUSD pair found solid support at 1.0700 level, to show some slight bullish bias now, affected by stochastic positivity, and it might head to test the key resistance 1.0785 before turning back to decline again.
The bearish channel continues to organize the main bearish wave, which gets continuous support by the EMA50, to keep the overall bearish trend scenario valid for the upcoming period unless the price rallied to breach 1.0785 and hold above it, reminding you that our next main target reaches 1.0635.
The expected trading range for today is between 1.0635 support and 1.0785 resistance.
The expected trend for today: Overall bearish
Midday update for Brent oil 07-09-2023
Brent oil price shows more bearish bias to approach 90.00 barrier, affected by stochastic negativity, while the main bullish trend scenario still active as long as 89.10 level remains intact, supported by the EMA50 that carries the price from below, reminding you that our main waited targets begin at 92.35 and extend to 93.20.
MoreMidday update for Crude oil 07-09-2023
Crude oil price trades at the intraday bullish channel’s support line and attempts to break it, which urges caution form the upcoming trading, as the price needs to consolidate above this support to keep the bullish trend scenario active for today, supported by stochastic gain to the positive momentum gradually, waiting motivate the price to head towards 89.95 as a next main target.
MoreMidday update for Silver 07-09-2023
Silver price resumes its negative trading to start pressing on 23.00 level, waiting to break this level to confirm extending the bearish wave towards 22.25.
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