Price Analysis: EURUSD

Expected Scenario

• The EURUSD price returns to rise again to head towards expected test to the key resistance 1.0850$, which urges caution from the upcoming trading, as continuing the rise and surpassing this level will push the price to turn to rise and achieve positive targets that start by testing 1.0895$.
• The price needs to break 1.0810$ to revive the correctional bearish trend scenario that its targets begin at 1.0785$ and extend to 1.0713$ after breaking the previous level.

Expected Trading Range

Between 1.0730$ support and 1.0870$ resistance.

EURGBP Price Analysis

Expected Scenario

• No change to the EURGBP price bullish track until this moment due to the frequent stability above the key support 0.8485, to notice the attempt to form some bullish waves and settling near 0.8520.
• Stochastic rally above 50 level will increase the chances of gathering the positive momentum, to keep our bullish overview that might target 0.8530 level soon, while surpassing this obstacle will push the price towards 0.8570 as a next main target for the bullish trades.

Expected Trading Range

Between 0.8500 support and 0.8570 resistance.

Natural Gas Price Analysis

Expected Scenario

• Natural gas price still affected by the negative pressures; represented by holding below the bullish channel’s resistance line at 2.900$ in addition to stochastic fluctuation within the oversold areas, to notice approaching the negative target at 2.510$.
• Facing continuous negative pressures might force it to break 2.510$ level to open the way to target new negative stations that might start at 2.430$ followed by reaching 61.8% Fibonacci correction level at 2.330$.

Expected Trading Range

Between 2.620$ support and 2.430$ resistance.

EURJPY Price Analysis

Expected Scenario

• The EURJPY pair ended the correctional bearish attack by touching 169.05 level followed by bouncing quickly to test 170.10 barrier, facing the MA55.
• Resuming the correctional decline needs new negative momentum to manage to hold below 170.10 level, expecting to target 169.20 level followed by reaching the next target at 168.65, while surpassing the barrier and holding above it will cancel the correctional decline for the current trades and expect covering some losses by rallying towards 170.75 before reaching any new negative level.

Expected Trading Range

Between 170.10 support and 168.70 resistance.