The EURUSD pair opens today’s trading with bullish bias after leaning on the EMA50 yesterday, which supports the continuation of our positive overview on the intraday and short term basis, reinforced by stochastic positivity that appears on the four hours’ time frame, waiting to test 1.1420 level as a next main station.

We should note that holding above 1.1270 is important to continue the expected rise, as breaking it will press on the price to decline and test 1.1180 areas again.

The expected trading range for today is between 1.1250 support and 1.1420 resistance.

The expected trend for today: Bullish

Crude oil price shows sideways trading since morning and keeps its stability above 58.00 barrier, thus, no change to the bullish trend scenario that depends on the price stability above 57.46, while its next main targets located at 60.00 and extend to 64.90.

Gold price settles below 1302.60 level, while stochastic shows oversold signals, waiting to motivated the price to resume the positive attempts, taking into consideration that closing the daily candlestick below the mentioned level will put the price under more negative pressure on the intraday and short term basis, while the first target of the suggested bullish wave is located at 1320.00.

The EURUSD pair tested the EMA50 and settles around 1.1300 barrier now, to continue suggesting the bullish trend in the upcoming sessions depending on the price stability above 1.1270 level, noting that stochastic shows oversold signals to support the positive overview, noting that our next main target is located at 1.1420.