Midday update for the GBPUSD 22-03-2021
The GBPUSD pair settles around 1.3860 level now, and as long as the price is below 1.3910, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that our main waited target is located at 1.3765.
The expected trading range for today is between 1.3765 support and 1.3910 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 22-03-2021
The EURUSD pair trades with clear positivity now after finding solid support at 1.1888, which urges caution from the upcoming trading, as the continuation of the bullish bias and surpassing 1.1976 will stop the recently suggested negative scenario and push the price to achieve more gains, while the price needs to break 1.1888 to confirm heading towards 1.1780 as a next negative target.
The expected trading range for today is between 1.1800 support and 1.1976 resistance.
The expected trend for today: Bearish
The EURCHF faces key support – Analysis – 22-3-2021
The EURCHF pair ended its correctional bearish rebound by recording 1.1000 target that forms 23.6% Fibonacci correction level as appears on the chart, while stochastic attempt to provide the positive momentum in addition to the price stability within the bullish channel allow us to expect the beginning of forming new bullish wave to renew the pressure on 1.1177 resistance.
Facing new negative pressures and crawling below the current support will force the price to resume the correctional bearish attack, to suffer new losses that might start at 1.0953 and 1.0903.
The expected trading range for today is between 1.1000 and 1.1115
The expected trend for today: Bullish
The European index seeks the positive momentum – Analysis – 22-3-2021
The European index failed to confirm breaching 3865.00 high, to notice forming weak negative wave and approach the additional support at 3800.00.
Note that consolidating within the bullish channel and the continuous stability above 3655.00 level allow us to wait to gather the positive momentum again, to manage to confirm the breach and reach the additional positive stations at 3980.00 and 4115.00.
The expected trading range for today is between 3800.00 and 3950.00
The expected trend for today: Bullish