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From the overview of price, we could see that the market is in a downtrend. Price seems to be in a pullback to the support zone between 248.55 and 236.65 which is in confluence with the FIBO retracement levels. We could see from the RSI that price is moving away from the oversold level to confirm it reversal.
Indian mills have signed sugar export deals for supply of 62 lakh tonnes so far in the current 2021-22 marketing year that started from October 1. Of the total volume signed for exports, 47.84 lakh tonnes of the sweetener has already been shipped, it added.
From the overview of price, We could see that the price of sugar is in reversal to the support zone between 0.19030 and 0.18840 which has confluences with the FIBO retracement levels and a possible retest of the 50 EMA after testing the resistance zone.
From the overview of price, the overall trend of EURCHF is bearish. Price is currently making reversal to the support zone between 1.03368 and 1.02900 which is in confluence with the retest of the 50 EMA We could see that the RSI is below and close to the centreline for added confirmation of price continuation to the downside.