The pair showed a sideways trading range yesterday that limited between the bearish channel resistance at 1.6020 and EMA50 which acting as support now at 1.5920, while we still prefer continuing in neutrality specially after achieving some bullish moves which we are waiting to touch the mentioned resistance.

We remind you that breaching above this resistance will ease the way to confirm stopping the current bearish correction, while breaching below 1.5900 will open the way for more bearish correction.

Expected trading range for today is between: 1.5800 support and 1.6100 resistance.

Expected trend for today: Neutral

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.2063	0.0010	0.0817%
End of day analysis for the EURUSD 06-05-2021
	GBP/USD	1.3897	0.0003	0.0205%

	Tadawul	10228.35	-26.53	0.26%

	Silver	27.330	0.811	3.058%

	Oil	64.824	0.914	1.430%
End of day analysis for Crude oil 06-05-2021
	Brent Oil	68.16	-0.80	1.16%

	Gold	1814.675	25.090	1.402%
End of day analysis for Gold 06-05-2021

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