The EURUSD price rallied upwards to breach 1.0765$ level and heads towards expected test to 1.086$ level, and we need to monitor the upcoming trades according to these levels due to their importance to determine the next trend, noting that breaching 1.0860$ will push the price to achieve additional gains that reach 1.0960$, while breaking 1.0765$ represents negative factor that will press on the price to target 1.0645$ areas on the near term basis.

Brent Oil Price Analysis

Brent oil price resumes its positive trades now, waiting to test the 90.00$ level that represents our first target. We expect to breach this level to extend the bullish wave towards 91.00$ as the next positive station.

• Stochastic current negativity might hinder the mission to rise and slow down the bullish wave. However, in general, we will continue to suggest the bullish trend for today unless breaking 88.60$ and holding below it.

The expected trading range for today is between 88.30$ support and 91.20$ resistance.

Trend forecast: Bullish

Crude Oil Price Analysis

Crude oil price shows sideways trades since morning, and begins the attempt to rise now to hint heading to resume the main bullish trend, keeping the positive scenario active for today, supported by the EMA50. It's important to note that our next target is located at 86.75$.

• Holding above 85.05$ represents the first condition for the continuation of the expected rise. Breaking it might force the price to test the bullish channel’s support line around 83.56$ before any new positive attempt.

The expected trading range for today is between 84.30$ support and 87.20$ resistance.

Trend forecast: Bullish

Silver Price Analysis

Silver price provided additional positive trades this morning, approaching our new awaited target at 26.60$. However, the price is now declining after losing the positive momentum, experiencing some temporary bearish correction.

• Until now, the main bullish trend scenario remains valid unless breaking 25.50$ and holding below it, noting that the next extended target reaches 26.95$.

The expected trading range for today is between 25.90$ support and 26.70$ resistance.

Trend forecast: Bullish