Midday update for the GBPUSD 27-06-2022
The GBPUSD pair resumes its positive trading to surpass the EMA50 and support the expectations of continuing the bullish trend in the upcoming sessions, as it touches our first waited target at 1.2320, waiting to breach this level to head towards 1.2490 as a next positive target, reminding you that the continuation of the bullish trend conditions holding above 1.2205.
The expected trading range for today is between 1.2200 support and 1.2370 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 27-06-2022
The EURUSD pair shows additional positive trades to move away from 1.0550 level, reinforcing the expectations of continuing the bullish trend for the rest of the day, and the way is open to head towards our main waited target at 1.0670, reminding you that the continuation of the bullish wave depends on the price stability above 1.0550 and 1.0525.
The expected trading range for today is between 1.0500 support and 1.0640 resistance.
The expected trend for today: Bullish
The EURGBP tests the resistance – Analysis – 27-6-2022
The EURGBP pair formed correctional bullish rally to test the major resistance at 0.8720 followed by bouncing negatively towards 0.8580, to confirm keeping the domination of the bearish bias for the upcoming trading.
We notice the price attempt to crawl below the moving average 55, also, stochastic begins to provide the negative momentum to assist to renew the negative attempts, to expect reaching 0.8510 followed by targeting 38.2% Fibonacci correction level near 0.8410.
The expected trading range for today is between 0.8655 and 0.8510
The expected trend for today: Bearish
The Swiss index achieves some gains – Analysis – 27-6-2022
The Swiss index succeeded to form correctional bullish rally to achieve some gains by reaching 10800.00, affected by the stability of the major support 10320.00 in addition to stochastic continuous positive signals.
Therefore, we will continue to suggest the correctional bullish scenario, assuring the importance of breaching 10850.00 to open the way to achieve more gains by moving towards 11000.00 and 11160.00 levels.
The expected trading range for today is between 10450.00 and 10850.00
The expected trend for today: Bullish