The EURUSD breaks the support – Analysis - 15-08-2022
The EURUSD pair managed to confirm breaking 1.0278 level to reinforce the expectations of continuing the bearish trend domination, opening the way to achieve negative targets that start at 1.0200 and extend to 1.0100 after breaking the previous level.
Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that breaching 1.0278 will stop the expected decline and lead the price to recover again.
The expected trading range for today is between 1.0150 support and 1.0300 resistance.
The expected trend for today: Bearish
Midday update for Brent oil 12-08-2022
Brent oil price trades positively to attempt to breach 102.25 level, to hint the attempt to activate the positive scenario, but we need a daily close above this resistance or below 100.70 support to confirm the next trend clearly.
Therefore, we will continue with our neutrality until now, and you can review the expected targets after breaching the mentioned levels through our morning report.
The expected trading range for today is between 99.50 support and 104.00 resistance.
The expected trend for today: Depends on the above mentioned levels
Midday update for Crude oil 12-08-2022
Crude oil price shows sideways and tight trades since morning, and still stuck between the trend confirmation levels represented by 91.45 support and 94.50 resistance, to continue with our neutrality until breaching one of these levels to detect the next targets clearly.
To review the details of the expected targets after the breach, please check our morning report.
The expected trading range for today is between 91.50 support and 95.00 resistance.
The expected trend for today: Depends on the above mentioned levels
Midday update for Silver 12-08-2022
Silver price crawls upwards slightly, and stochastic begins to overlap positively, waiting to motivate the price to provide more bullish bias to visit 21.30 level that represents our next main target, to keep our bullish overview unless breaking 20.00 and holding below it.
The expected trading range for today is between 20.10 support and 20.90 resistance.
The expected trend for today: Bullish