The EURUSD pair opened today with sharp decline to suffer big losses and reach 0.9550, affected the Italian elections after the right party win, to fall under more expected negative pressure and head towards achieving additional negative targets that might reach 0.9510.

The price moves around 0.9650 level now, and it is important to consider that breaching 0.9700 will push the price to start correctional bullish wave and recover to achieve gains that start at 0.9790 and might extend to 0.9865.

The expected trading range for today is between 0.9550 support and 0.9730 resistance.

The expected trend for today: Bearish

The USDJPY pair traded with clear positivity to breach 142.55 and attempts to hold above it, which urges caution from the upcoming trading, as continuing the rise and breaching 143.90 will lead the price to return to the main bullish track again and stop the bearish correction that dominated the recent trades.

Crude oil price suffered additional strong losses to surpass our extended target at 80.00 and open the way to achieve more expected decline on the longer term basis, to head towards visiting 75.00 areas as a next main station, noting that holding below the resistance line formed at 80.90 is important to continue the suggested decline.

Gold price declined sharply to touch our waited target at 1644.00, and we expect the continuation of the negative pressure to head towards 1630.00 as a next negative target, taking into consideration that holding below 1655.00 represents initial condition to continue the bearish wave, as breaching it might push the price to test 1670.00 followed by 1680.00 areas before any new attempt to decline.