The EURUSD pair shows slight bullish bias in its way to retest the breached resistance of the bearish channel that appears in the image, which turns into an important support now at 1.0990, noticing that the EMA50 meets this support to strengthen it, keeping the positive expectations valid in the upcoming period, waiting for visiting 1.1180 level mainly.

Therefore, we will keep the bullish trend scenario preferred, conditioned by holding above 1.0990.

The expected trading range for today is between 1.0950 support and 1.1120 resistance.

The expected trend for today: Bullish

Crude oil price continues to fluctuate at 54.60 level and still below it, to keep the bearish trend scenario active, support by the negative signal provided by stochastic, waiting to resume the bearish bias that its first main target located at 51.80.

Gold price broke 1485.00 level strongly and attempts to hold below it, to hint the price head to decline in the upcoming sessions, waiting to get a daily close below the mentioned level to confirm the continuation of the bearish bias towards 1447.00 that represents the next negative target, while the EMA50 forms negative pressure that supports the chances of continuing the decline.

The EURUSD pair traded positively after confirming the stability above the bearish channel’s resistance, getting continuous positive support by the EMA50, to keep the bullish trend scenario active in the upcoming sessions, reminding you that our main target is located at 1.1180, while achieving it requires holding above 1.1000 and 1.0975 levels.