The pair managed to cover the price gap achieved yesterday, and kept the daily close stability below 0.9885, that offers more support for our bearish trend expectations on the short term basis which depend on the recent completion of the a rising wedge pattern.

Note that the suggested targets starting at 0.9800 followed by 0.9700

Expected trading range for today is between: 0.9750 support and 0.9925 resistance.

Expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.2163	-0.0010	0.0826%
Midday update for the EURUSD 11-05-2021
	GBP/USD	1.4148	0.0012	0.0881%

	Tadawul	10322.68	86.96	0.85%

	Silver	27.509	-0.295	1.061%

	Oil	64.943	-0.449	0.687%
Midday update for Crude oil 11-05-2021
	Brent Oil	68.30	0.01	0.01%

	Gold	1834.735	-9.490	0.515%
Midday update for Gold 11-05-2021

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