The EURUSD pair provided strong negative trades yesterday to approach 1.1200 barrier, which supports the continuation of our bearish overview, and the way is open to achieve our main waited target at 1.1150.

The EMA50 continues to support the suggested bearish wave, organized inside the intraday bearish channel that appears on the chart, noting that breaching 1.1285 will stop the expected decline and lead the price to achieve intraday gains that target testing 1.1375 areas before any new attempt to decline.

The expected trading range for today is between 1.1150 support and 1.1285 resistance.

The expected trend for today: Bearish

Crude oil price managed to achieve our waited target at 87.05 and breached it and attempts to hold above it, reinforcing the expectations of continuing the bullish trend, which its next target located at 88.00, while holding above 87.05 represents initial condition to continue the suggested rise.

Gold price faces negative pressure to approach testing the key support 1825.15, which urges caution from the upcoming trading, as continuing the decline and breaking this level will push the price to turn to decline, while consolidating above it is required to resume the bullish trend that its next main target located at 1860.00.

Brent oil price shows more bullish bias to approach 88.00 barrier, reinforcing the expectations of continuing the bullish trend for the rest of the day, supported by the EMA50 that carries the price from below, noting that breaching the targeted level will extend brent oil price gains to reach 90.00 areas, while the expected rise will remain valid unless breaking 86.05 and holding below it.

The expected trading range for today is between 85.50 support and 88.50 resistance.

The expected trend for today: Bullish