The EURUSD pair begins today with additional positivity to surpass 1.0645 level and settles above it, which pushes the price to achieve more intraday gains, targeting testing 1.0745 as a next station, noting that breaching this level will push the price to continue rising and head towards 1.0800 followed by 1.0925 levels as next main targets.
Moving above the EMA50 supports the continuation of the expected bullish trend, while stochastic might cause some temporary sideways fluctuation before resuming the bullish bias.
On the other hand, we should note that breaking 1.0645 and holding below it will stop the suggested bullish wave and press on the price to decline again.
The expected trading range for today is between 1.0610 support and 1.0780 resistance.
The expected trend for today: Bullish
Crude oil price traded with clear positivity to attack 75.64 and attempts to hold above it, but it returns to decline and move below the mentioned level, to keep the overall bearish trend scenario active, which depends on the price stability below the mentioned level, while its next main target located at 73.60.
Gold price breached the correctional bearish channel’s resistance strongly to turn to rise on the intraday basis, waiting to test 1878.80 level as a first positive target, noting that breaching this level will push the price to achieve more gains on the longer term basis, while the rise will remain suggested unless breaking 1828.70 and holding below it.
The USDJPY pair broke the bullish channel’s support line strongly to turn to decline and head towards expected visit to 133.30 areas, waiting for more expected bearish bias in the upcoming sessions, supported by the technical indicators’ current negativity, noting that breaching 135.35 is considered as the first positive key to attempt to return to the intraday bullish track again.