The EURUSD pair resumed its negative trades clearly after testing the bearish channel’s resistance that appears on the chart, to approach our waited target at 1.0775, noting that moving inside the mentioned channel supports the chances of breaking the mentioned level to open the way to achieve additional negative targets that reach 1.0600.

Therefore, the bearish trend scenario will remain valid and active conditioned by the price stability below 1.0890 and the most important below 1.0950.

The expected trading range for today is between 1.0740 support and 1.0890 resistance.

The expected trend for today: Bearish

Crude oil price rallied upwards strongly to breach 98.95 level and close the last four hours’ candlestick above it, showing additional positive trades to move away from this level, to stop the recently suggested negative scenario and head to recover on the intraday basis, noting that closing today above the mentioned level will add more confirmation to continue the rise and target 104.60 areas mainly.

Gold price breached 1960.00 level clearly and settles above it, to activate the bullish trend scenario in the upcoming sessions, on its way to achieve gains that reach 2000.00 initially, taking into consideration that the continuation of the bullish wave requires building support base above 1960.00 and holding above it.

McDonald's stock (MCD) fell 0.4% in the last session on profit-taking, while gathering positive momentum to rise anew, as it vented off overbought saturation from t he RSI, amid the dominance of the upward correctional wave in the short term, buoyed by trading above the 50-day SMA

Therefore we expect the stock to return higher, targeting  the resistance of 262.60.

Expected trend for today: Bullish