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David Guirguis
The EURUSD pair didn’t show any action since days, affected by the weak trading volumes caused by the markets’ holidays, to continue fluctuating around the EMA50, and it still keep its stability above 1.1120-1.1100 levels.
Therefore, our bullish overview will remain valid for the pair on the intraday and short term basis as long as the price is above the above mentioned levels, reminding you that breaching 1.1264 level will open the way to extend the bullish wave to reach 1.1494 as a next main station.
Expected trading range for today is between 1.1100 support and 1.1264 resistance.
Expected trend for today: Bullish
Therefore, our bullish overview will remain valid for the pair on the intraday and short term basis as long as the price is above the above mentioned levels, reminding you that breaching 1.1264 level will open the way to extend the bullish wave to reach 1.1494 as a next main station.
Expected trading range for today is between 1.1100 support and 1.1264 resistance.
Expected trend for today: Bullish
David Guirguis
The USDCHF pair fluctuates at the EMA50 that forms good resistance barrier against the intraday and short term trading, to keep the negative pressure valid on the price, reinforcing the chances of continuing the bearish trend in the upcoming period, waiting to break 0.9676 level to confirm opening the way to head towards the previously recorded low at 0.9474.
Therefore, our bearish overview will remain valid and active unless breaching 0.9800 level and holding with a daily close above it.
Expected trading range for today is between 0.9650 support and 0.9800 resistance.
Expected trend for today: Bearish
Therefore, our bearish overview will remain valid and active unless breaching 0.9800 level and holding with a daily close above it.
Expected trading range for today is between 0.9650 support and 0.9800 resistance.
Expected trend for today: Bearish
· 1
David Guirguis
The EURUSD pair shows sideways and tight trading settling around the EMA50, as the price continues to move inside the minor bearish channel that forms the potential continuation bullish flag pattern, thus, breaching this pattern’s resistance at 1.1205 will offer good positive motive that supports the chances of resuming the recently suggested bullish trend.
Therefore, our bullish overview will remain valid and active until now, and the positive targets begin at 1.1264 and extend to go further towards 1.1494, noting that breaking 1.1120-1.1090 levels will stop the suggested bullish wave and push the price to return to the bearish trend on the medium term basis.
Expected trading range for today is between 1.1100 support and 1.1300 resistance.
Expected trend for today: Bullish
Therefore, our bullish overview will remain valid and active until now, and the positive targets begin at 1.1264 and extend to go further towards 1.1494, noting that breaking 1.1120-1.1090 levels will stop the suggested bullish wave and push the price to return to the bearish trend on the medium term basis.
Expected trading range for today is between 1.1100 support and 1.1300 resistance.
Expected trend for today: Bullish
· 1
David Guirguis
The USDCHF pair shows positive trading approaching from the EMA50 that forms negative pressure against the intraday and short term trading, noticing that stochastic loses its positive momentum clearly to enter the overbought areas, which supports the chances of bouncing bearishly to resume the bearish trend.
In general, we continue to suggest the bearish trend in the upcoming period as long as the price is below 0.9800 level, noting that breaking 0.9676 level will push the price towards 0.9474 as a next main target for the current bearish wave.
Expected trading range for today is between 0.9650 support and 0.9800 resistance.
Expected trend for today: Bearish
In general, we continue to suggest the bearish trend in the upcoming period as long as the price is below 0.9800 level, noting that breaking 0.9676 level will push the price towards 0.9474 as a next main target for the current bearish wave.
Expected trading range for today is between 0.9650 support and 0.9800 resistance.
Expected trend for today: Bearish
· 1
David Guirguis
The EURUSD pair pushes on the EMA50 in attempt to trade below it, and the price remains within the minor bearish channel that appears in the image, waiting for breaching its resistance level that located at 1.1240 to confirm the completion of the bullish flag pattern that forms this channel, then pushing the price towards resuming the bullish trend on the short term basis.
In general, we will keep preferring the bullish trend in the upcoming period unless breaking 1.1120 then 1.1085 levels and holding below them, reminding you that our next main target located at 1.1494.
Expected trading range for today is between 1.1120 support and 1.1350 resistance.
Expected trend for today: Bullish
In general, we will keep preferring the bullish trend in the upcoming period unless breaking 1.1120 then 1.1085 levels and holding below them, reminding you that our next main target located at 1.1494.
Expected trading range for today is between 1.1120 support and 1.1350 resistance.
Expected trend for today: Bullish
· 1