The EURUSD pair provided clear positive trades in the previous sessions and attempted to surpass 1.1300 barrier, but it rebounds bearishly after touching the intraday bearish channel’s resistance that appears on the chart, supported by stochastic negativity, to head towards resuming the main bearish track, which targets 1.1145 as a next main station.

Therefore, the overall bearish trend scenario will remain valid and active for the upcoming period unless the price rallied to breach 1.1375 and hold above it.

The expected trading range for today is between 1.1190 support and 1.1340 resistance.

The expected trend for today: Overall bearish

Brent oil price declined sharply to surpass our waited target at 75.20 and suffers additional losses to break 72.70 level and pave the way to target 69.60 as a next negative station, to keep the bearish trend dominant in the upcoming sessions unless breaching 72.70 and holding above it.

Crude oil price suffered strong losses to surpass our extended target at 70.85 and reach the next correctional target at 67.40, and attempts to recover now, but we expect the continuation of the negative pressure in the upcoming period to break the last level and head towards 65.00 as a next main station, noting that the expected decline will remain valid as long as 70.85 level remains intact. 

Gold price bounced bearishly after the EMA50 formed solid resistance against the price’s positive attempts, to return to the bearish track after settling below 1797.00, and we expect to head towards 1770.00 as a next negative target unless we witnessed strong breach and hold above 1797.00.