The EURUSD pair’s strong decline stopped at 1.0515 yesterday, which formed solid support against the price, to rebound bullishly and start building bullish wave on the intraday basis, motivated by stochastic positivity.

Therefore, we expect to witness more bullish bias in the upcoming sessions, and the targets begin at 1.0640 and extend to 1.0745 after surpassing the previous level.

On the other hand, we should note that breaking 1.0515 will stop the expected rise and press on the price to suffer additional losses that reach 1.0440.

The expected trading range for today is between 1.0515 support and 1.0680 resistance.

The expected trend for today: Bullish

Crude oil price suffered additional strong losses to surpass our extended target at 68.50 and reaches 66.00 areas now, and we expect the continuation of the decline to reach 65.00 followed by 64.30 levels as next negative stations, to keep the bearish trend suggested in the upcoming period conditioned by the price stability below 68.30 as a first protection factor to the continuation of the negative scenario.

Gold price rallied to succeed achieving our waited target at 1928.60 and breaches it to confirm the continuation of the bullish trend domination in the upcoming sessions, paving the way to head towards 1960.00 as a next positive station, waiting for more rise on the intraday and short term basis, noting that holding above 1908.00 represents the first condition to continue the bullish trend.

The EURUSD pair continued to decline to touch the second waited target at 1.0515, and the way seems open to surpass this level and achieve more bearish bias that its next target reaches 1.0440, to keep the bearish trend expected in the upcoming sessions, taking into consideration that the consolidation of 1.0515 against the current negative pressure will stop the expected decline and lead the price to start recovery attempts on the intraday basis.