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Midday update for the GBPUSD 05-10-2021
The GBPUSD pair provides new positive trades to attack 1.3625 level, which urges caution from the upcoming trading, as confirming the breach will stop the negative scenario suggested for today and lead the price to turn to rise, while the price needs to trade below 1.3600 again to reinforce the chances of resuming the bearish trend that its first target located at 1.3530.
The expected trading range for today is between 1.3500 support and 1.3660 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 05-10-2021
The EURUSD pair shows slight bearish bias, crawls gradually towards the recorded low at 1.1563, waiting for more decline to break this level and confirm opening the way to head towards 1.1500, reminding you that the continuation of the bearish wave depends on the price stability below 1.1645.
MoreNatural gas price fluctuates below the barrier – Analysis – 5-10-2021
Natural gas price continued to provide weak sideways trades, affected by the stability of 6.307 barrier, to hinder the bullish rally and increase the chances of forming correctional bearish rebound.
MoreThe European index fluctuates above the major support – Analysis – 5-10-2021
The European index ended the negative rebound by providing positive close above the bullish channel’s support line at 3960.00, attempting to keep the bullish bias domination for the upcoming period, thus, we will keep waiting to gather the positive momentum to manage to form bullish waves, waiting to reach 4070.00 and 4140.00 levels.
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