The EURUSD pair resumes its negative trading clearly to move away from 1.1720 level, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, which depends on the price stability below the mentioned level, while it targets 1.1540 as a next main station.
Wheat price continues to fluctuate at the intraday bearish channel’s resistance, and as long as the price is below 606.50, our bearish overview will remain valid for today, as breaching this level will lead the price to resume the main bullish track again, while our next negative target is located at 592.50.
The expected trading range for today is between 595.00 support and 615.00 resistance.
The expected trend for today: Bearish
Sugar price shows new strong negative trades to approach our waited target at 13.73, reinforcing the expectations of continuing the domination of the bearish trend today, and the chances valid to break the mentioned level to visit the main bullish channel’s support line at 13.42 as a next negative target.
Therefore, we will keep our bearish overview unless the price rallied to breach 14.60 level and hold above it.
The expected trading range for today is between 13.80 support and 14.40 resistance
The expected trend for today: Bearish
Soybean price bounced bearishly after approaching the broken support of the bullish channel that appears on the chart, and stochastic continues to lose the positive momentum, waiting for more decline to test 1039.60 that represents our next main target, reminding you that it is important to hold below 1065.00 to continue the expected decline.
The expected trading range for today is between 1040.00 support and 1065.00 resistance.
The expected trend for today: Bearish