The EURUSD pair fluctuates around 1.1125 level, and it needs strong positive motive that supports the chances of resuming the expected bullish trend for the upcoming period, which targets testing 1.1170 level initially.
In general, we will continue to suggest the bullish trend for the upcoming period as long as 1.1067 level remains intact, supported by the EMA50 that carries the price from below, reminding you that breaching the targeted level will extend the bullish wave to reach 1.1295 as a next main station.
The expected trading range for today is between 1.1070 support and 1.1230 resistance.
The expected trend for today: Bullish
Crude oil price tested 34.60 level and kept its stability above it, thus, our bullish overview will remain valid for the upcoming period, supported by the EMA50 that carries the price from below, reminding you that our waited targets begin at 41.04 and extend to 43.05.
Gold price leaned on the EMA50 and bounced bullishly to hint heading to resume the main bullish trend, to keep our positive overview that depends on the price stability above 1719.00, noting that our first target is located at 1764.00.
The EURUSD pair resumes its positive trading after the temporary decline that it witnessed today, to keep the bullish trend scenario valid and active for the upcoming sessions, and the EMA50 continues to support the suggested bullish wave, which its targets begin at 1.1170 and extend to 1.1295 after surpassing the previous level.