The EURUSD pair’s decline stopped near 1.0800 barrier, and bounced upwards strongly to breach the bearish channel’s resistance and close the daily candlestick above it, to head towards potential turn to rise, targeting 1.0950 followed by 1.1080 levels as next main stations.

Therefore, the bullish bias will be suggested in the upcoming sessions, taking into consideration that breaking 1.0855 and holding below it will stop the positive scenario and press on the price to decline again.

The expected trading range for today is between 1.0830 support and 1.0980 resistance.

The expected trend for today: Bullish

The NZDUSD pair declined strongly to succeed achieving our waited target at 0.6790, noticing that the price breaks this level now to confirm the continuation of the bearish trend domination in the upcoming period, targeting 0.6690 as a next station, to keep the bearish bias valid for the rest of the day conditioned by the price stability below 0.6875.

The expected trading range for today is between 0.6740 support and 0.6810 resistance

The expected trend for today: Bearish

The AUDUSD pair continues to decline to approach our waited target at 0.7395, expecting to break this level and extend the bearish wave towards 0.7315 as a next main target, to keep the bearish trend scenario valid and active unless breaching 0.7495 and holding above it.

The expected trading range for today is between 0.7390 support and 0.7490 resistance

The expected trend for today: Bearish

Brent oil price fluctuates around 105.05 level and faces solid resistance there, while the EMA50 forms good support the supports the chances of resuming the positive trades to breach the mentioned level and confirm rallying towards 110.05 as a next main target.

Until now, the bullish trend scenario still suggested for today conditioned by the price stability above 103.80.

The expected trading range for today is between 102.00 support and 109.00 resistance.

The expected trend for today: Bullish