The EURUSD pair bounced downwards strongly after testing 1.1375 level, to return to the bearish channel again and confirm the continuation of the overall bearish trend, reminding you that our main waited target reaches 1.1145, while achieving it requires holding below 1.1375.

Wheat price broke 817.00 strongly to stop the positive scenario and turn to decline on the intraday basis, expecting the continuation of the bearish bias to visit 775.00 followed by 770.00 levels mainly.

Therefore, the bearish bias will be suggested in the upcoming sessions unless the price managed to breach 817.00 and hold above it again.

The expected trading range for today is between 800.00 support and 817.00 resistance.

The expected trend for today: Bearish

Corn price broke the bullish channel’s support line clearly to turn to decline in the upcoming sessions, on its way to achieve negative targets that reach 550.00, making the bearish bias expected on the intraday basis supported by moving below the EMA50, noting that the continuation of the expected decline depends on the price stability below 585.00.

The expected trading range for today is between 565.00 support and 580.00 resistance.

The expected trend for today: Bearish

Brent oil price traded with strong negativity to break 72.70 level and confirm opening the way to rally towards the waited target at 69.60, waiting for more decline in the upcoming sessions, noting that breaking the targeted level will push the price to 67.45 as a next negative target, while holding below 72.70 represents the first condition to continue the bearish trend.

The expected trading range for today is between 69.50 support and 72.70 resistance.

The expected trend for today: Bearish