The EURUSD pair rallied upwards strongly on yesterday’s evening to breach 1.1108 level and settles above it, which turns the intraday track to rise again, and the way is open to visit 1.1180 level as a first main station, noting that breaching this level will open the way to extend the bullish wave on the longer term basis to reach 1.1280 followed by 1.1418.

Therefore, the bullish trend will be suggested in the upcoming sessions conditioned by the price stability above 1.1108, being aware that the pair might witness mixed trades and high volatility at the time of releasing the ECB rate decision today.

The expected trading range for today is between 1.1050 support and 1.1250 resistance.

The expected trend for today: Bullish

Crude oil price faced negative pressure to break the bullish pennant pattern’s support line, noticing that the price returns to rise now in attempt to regain the bullish track, to keep the overall bullish trend scenario active for the upcoming period unless breaking 57.40 level and holding below it, reminding you that our next main target is located at 60.90.

Gold price shows more rise to surpass 1467.00 level, which hints the price head to achieve intraday gains that might reach 1489.00 before turning back to decline again.

Therefore, the bullish bias will be suggested in the upcoming sessions in case the price got a daily close above 1467.00.

The EURUSD pair trades with clear positivity to start attacking 1.1108 level, which urges caution from the upcoming trading, as confirming breaching this level will stop the recently suggested negative scenario and lead the price to achieve gains that reach 1.1180 initially.