The EURUSD pair continues to provide positive trading to move above 1.1300 barrier, accompanied by witnessing overbought signals through stochastic, besides that the EMA50 presses negatively on the price, which supports the chances of bouncing bearishly to resume the expected bearish trend on the intraday and short term basis.

Our next target is located at 1.1180, taking into consideration that breaching 1.1320 might push the price to achieve more intraday gains that reach 1.1370 and might extend to 1.1443 before determining the next destination clearly.

The expected trading range for today is between 1.1200 support and 1.1370 resistance.

The expected trend for today: Bearish

Crude oil price rebounds upwards strongly after approaching 54.50 level today, to move above 56.00 barrier now, reinforcing the expectations of continuing the bullish trend in the upcoming period, reminding you that our first target is located at 57.46, while holding above 54.50 represents key condition to continue the suggested rise.

Gold price rallied upwards to breach 1316.65 level and settles above it now, which hints the price head to turn to rise and achieve gains in the upcoming period, noting that closing today above the mentioned level will confirm opening the way to head towards 1345.00 followed by 1365.05 levels.

The EURUSD pair trades positively now after approaching 1.1200 barrier today, on its way to start potential recovery attempts in the upcoming sessions, and we need to monitor next week opening to confirm the next destination, as continuing the rise and breaching 1.1365 followed by 1.1443 levels will turn the intraday and short term track upwards.