EURUSD Price Analysis

Expected Scenario

• The EURUSD price is testing the key support 1.0760$ now, and as we mentioned this morning, holding above this level is required to keep the bullish trend active for today, which targets 1.0795$ followed by 1.0840$ levels.
• Stochastic negativity interprets the reasons of the current bearish bias, noting that breaking 1.0760$ will put the price under new negative pressure to head towards testing 1.0720$ followed by 1.0675$ levels.

Expected Trading Range

Between 1.0700$ support and 1.0850$ resistance.

Coffee Price Analysis

Expected Scenario

• Coffee price failed to rally and surpass 236.40 resistance line, to form some correctional bearish trades and touch 219.00 and settle near it.
• The continuous fluctuation below the current resistance and stochastic attempt to provide the negative momentum support the domination of the correctional bearish bias again, to expect suffering additional losses that might extend towards 210.50 and 203.00.

Expected Trading Range

Between 228.00 and 211.00.

Natural Gas Price Analysis

Expected Scenario

• Natural gas price confirmed surrendering to the domination of the bullish bias by testing 2.880$ support line yesterday, to rebound quickly towards 3.050$ and settle near it as appears on the chart, assuring the importance of gathering new positive momentum to ease the mission of recording the additional targets, located near 3.200$ and 3.500$.

Expected Trading Range

Between 2.950$ and 3.200$.

EURJPY Pair Price Analysis

Expected Scenario

• The EURJPY pair succeeded to get rid of the negative pressures and provide new positive close above 168.80 support line, forming some bullish waves to settle near the first positive target at 169.45.
• Now, the major indicators provide the positive momentum, allowing us to suggest more bullish attempts to expect attacking the additional resistance at 169.85, while surpassing it will confirm the continuation of the positivity, to target 170.40 as a first additional station, followed by reaching 170.75.

Expected Trading Range

Between 169.10 and 170.40.