The EURUSD pair provided additional negative trades on last Friday to approach 1.1600 barrier, which supports the continuation of our bearish overview on the intraday basis, reminding you that our main waited target is located at 1.1540.

The EMA50 keeps supporting the suggested bearish wave, which will remain valid and active unless the price rallied to breach 1.1720 followed by 1.1755 levels and hold above them.

The expected trading range for today is between 1.1540 support and 1.1700 resistance.

The expected trend for today: Bearish

Crude oil price bounced downwards strongly after testing 36.10 level today, to approach 35.00$ barrier now, which supports the continuation of our bearish overview that its next main target located at 34.30, while achieving it requires holding below 36.10 and the most important below 37.55.

Gold price tests the key resistance 1882.40 and still below it until now, which keeps the negative scenario valid and active, supported by stochastic and the EMA50 negativity, reminding you that our targets begin by breaking 1860.90 to open the way to rally towards 1794.85, while holding below 1882.40 represents key condition to achieve the suggested targets.

The EURUSD pair resumes its negative trading clearly to move away from 1.1720 level, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, which depends on the price stability below the mentioned level, while it targets 1.1540 as a next main station.