The EURUSD pair provided negative trades on yesterday’s evening to approach our first waited target at 1.1100, to keep the bearish trend scenario valid on the intraday basis, reminding you that surpassing the mentioned level will push the price to 1.1000 as a next main target.

Therefore, we will continue to suggest the bearish bias for today supported by the negative pressure formed by the EMA50 unless the price rallied to breach 1.1180 – 1.1205 levels and hold above them.

The expected trading range for today is between 1.1050 support and 1.1200 resistance.

The expected trend for today: Bearish

Crude oil price succeeded to achieve our waited negative target at 54.47 and settles near it, and the chances seem valid to break this level and extend the bearish wave on the short term basis, noting that confirming the break will push the price to 51.61 as a next station, while holding against the current negative pressure will push the price to test 57.33 level again.

Gold price managed to breach 1503.25 level and hold above it, which supports the expectations of continuing the bullish trend on the intraday and short term basis, and the way is open to achieve our next target at 1560.00, while holding above 1483.60 represents key condition to continue the expected rise.

The EURUSD pair resumes its negative trading to move away from 1.1180 level, reinforcing the expectations of continuing the bearish trend in the upcoming period, waiting to target 1.1100 followed by 1.1000 as next main stations, reminding you that it is important to hold below 1.1180 and 1.1210 levels to continue the expected decline.