The pair declined to begin the attempts of breaching the rising wedge support shown in the image, where the price needs a confirmed breach to 0.9920 level in order to activate the pattern’s negative effect.

In general, the previous expected bearish trend scenario remains valid and active, and the main targets begin at 0.9800 followed by 0.9700, while achieving it requires 1.0030 steadiness against any attempt for moving higher.

Expected trading range for this week is between: 0.9700 support and 1.0100 resistance.

Expected trend for this week: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.2056	0.0003	0.0220%
End of day analysis for the EURUSD 06-05-2021
	GBP/USD	1.3887	-0.0007	0.0522%

	Tadawul	10228.35	-26.53	0.26%

	Silver	27.320	0.801	3.022%

	Oil	64.768	0.858	1.343%
End of day analysis for Crude oil 06-05-2021
	Brent Oil	68.13	-0.83	1.20%

	Gold	1814.145	24.560	1.372%
End of day analysis for Gold 06-05-2021

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