The pair found good support around 1.2840, to stop the price decline temporarily and fluctuates in sideways range now, where it is affected by Stochastic positivity.

In general, the bearish trend remains preferred on the intraday basis, and the target around 1.2725, supported by the EMA50, where breaching above 1.2970 represents the stopping factor for the bearish trend expectations.

Expected trading range for today is between: 1.2725 support and 1.2970 resistance.

Expected trend for today: Bearish

Crude oil suffered sharp losses touching the main support line at 92.15, while at the same time, we can notice the quick rebound to recover the losses and settle again above the EMA50.

We still need to monitor the price behavior to get clearer trend signals, and the daily close according to 93.45 and 94.65 levels will offer these signals.

Gold price declined strongly to touch the main waited target exactly at 1390.00 and bounce higher from there.

The overall negative pressure remains valid, but the price might witness some fluctuations and slight bullish bias affected by stochastic positivity.

The pair shows sideways trading since morning and fluctuates now around 0.8200, while the bearish trend scenario remains valid, depending on the explained negative pattern in our morning report.

Breaking below 0.8160 will open the way towards achieving the waited bearish targets.

Expected trading range for today is between: 0.8050 support and 0.8310 resistance.

Expected trend for today: Bearish