|
The EURUSD declines again – Analysis - 17-08-2021
The EURUSD pair ended yesterday below 1.1780 level, starting today with slight bearish bias to move away gradually from this level, which reactivates the bearish trend scenario that moves inside the bearish channel that appears on the chart, on its way to achieve negative targets that start at 1.1700 and extend to 1.1605.
Therefore, the bearish bias will be suggested in the upcoming sessions unless breaching 1.1780 followed by 1.1830 levels and holding above them.
The expected trading range for today is between 1.1680 support and 1.1830 resistance.
The expected trend for today: Bearish
Thanks for your feedback.
Midday update for Wheat price 16-08-2021
Wheat price breached the bullish flag’s resistance clearly, but it shows some bearish bias to head towards testing the key support 768.00, and as long as the price is above this level, our bullish overview will remain valid for today, supported by the EMA50, reminding you that our main waited targets begin at 790.00 followed by 800.00.
MoreMidday update for Sugar price 16-08-2021
Sugar price keeps its stability above 20.00 barrier, getting continuous positive support by the EMA50, to keep our bullish overview on the intraday and short term basis, which targets 20.50 followed by 21.00 levels mainly, while holding above 20.00 represents initial condition to continue the suggested rise.
MoreMidday update for Soybean price 16-08-2021
Soybean price fluctuates around 1370.00 level, and it needs to get the negative momentum and get positive motive that assist to push the price to continue the expected bullish trend for today, which targets 1380.00 followed by 1414.00 levels as next main stations, while holding above 1355.00 represents key condition to achieve these targets.
More