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The EURUSD crawls downwards – Analysis - 06-10-2021
The EURUSD pair continues to decline calmly, approaching 1.1563 level, while the EMA50 forms continuous negative pressure against the price, waiting to break the mentioned level to rally towards our main expected target at 1.1500.
In general, the bearish trend scenario will remain valid and active unless breaching 1.1645 and holding above it.
The expected trading range for today is between 1.1500 support and 1.1645 resistance.
The expected trend for today: Bearish
Evening update for Crude oil 05-10-2021
Crude oil price rallied upwards strongly to succeed touching our waited target at 79.00 and attempts to breach it, reinforcing the chances of extending the bullish wave towards our next target at 80.00, noting that holding above 78.00 represents initial condition to continue the expected rise.
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