The pair fluctuates around the rising wedge support mentioned yesterday, which is located at 0.9920, where we noted that achieving clear breach for this level is important to activate the negative effect of the pattern.

In general, we are continuing in our bearish trend expectations which might be delayed because of Stochastic positivity, our targets begin at 0.9800, while achieving it requires stability below 1.0030

Expected trading range for today is between: 0.9800 support and 1.0030 resistance.

Expected trend for this week: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.2162	-0.0011	0.0887%
Midday update for the EURUSD 11-05-2021
	GBP/USD	1.4161	0.0025	0.1758%

	Tadawul	10322.68	86.96	0.85%

	Silver	27.535	-0.270	0.969%

	Oil	65.160	-0.232	0.355%
Midday update for Crude oil 11-05-2021
	Brent Oil	68.35	0.03	0.04%

	Gold	1833.880	-10.345	0.561%
Midday update for Gold 11-05-2021

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