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The EURUSD retests the broken support – Analysis - 07-10-2021

Economies.com
2021-10-07 04:19AM UTC

The EURUSD pair is retesting the previously broken support 1.1563 and keeps its stability below it, to keep the negative scenario valid for the upcoming period, supported by the EMA50 that pushes the price to the downside, reminding you that our next target is located at 1.1500.

 

Note that breaking the mentioned level will extend the bearish wave to reach 1.1420 as a next main station, while breaching 1.1563 will lead the price to start correctional bullish attempts that target testing 1.1670 areas initially.

 

The expected trading range for today is between 1.1460 support and 1.1620 resistance.

 

The expected trend for today: Bearish

Evening update for Crude oil 06-10-2021

Economies.com
2021-10-06 15:43PM UTC

Crude oil price managed to surpass our first target at 77.85 to open the way to head towards our second waited target at 76.65, and we need to monitor the upcoming trading, as breaking the second level will extend the bearish wave to reach 74.50 on the near term basis.

Evening update analysis for Gold 06-10-2021

Economies.com
2021-10-06 15:43PM UTC

Gold price bounced upwards clearly to head towards potential test to the key resistance at 1770.00, and as long as the price is below this level, our bearish overview will remain valid and active, reminding you that our main waited target located at 1735.00.

Coca-Cola tries to vent off oversold saturation - Analysis - 06-10-2021

Economies.com
2021-10-06 12:25PM UTC

Coca-Cola's stock (KO) rose 0.17% in the last session while trying to recover recent losses, while venting off oversold saturation in the RSI, with positive signals from the RSI, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the support of 52.00, provided it holds below 53.70. 

 

Expected trend for today: Bearish 

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1765 (2025-07-04 02:25AM UTC)