The EURUSD pair managed to break 1.1780 level and close the daily candlestick below it, which supports the continuation of our bearish overview on the intraday and short term basis, waiting to visit 1.1700 as a next target.

The EMA50 continues to support the suggested bearish wave, noting that breaching 1.1780 and holding above it again might push the price to start new bullish wave that target testing 1.1888 areas initially.

The expected trading range for today is between 1.1690 support and 1.1830 resistance.

The expected trend for today: Bearish

Crude oil price rallies upwards to breach 71.05 level and heads towards achieving more expected gains in the upcoming period, noting that closing the daily candlestick above this level will lead the price to continue the rise and head towards 73.30 as a first target, while trading below it again represents the key to reactivate the bearish trend scenario that its targets begin at 69.25.

The EURUSD pair attacked 1.1780 level to break it and trade below it now, which supports the continuation of our bearish overview in the upcoming sessions, which targets 1.1700 level mainly, reminding you that it is important to hold below 1.1805 to continue the expected decline.

Wheat price broke 701.00 level and close the last four hours’ candlestick below it, to complete forming double top pattern that we expect to press on the price to turn to decline, noting that the first negative target is located at 680.20.

Therefore, the bearish bias will be suggested for the upcoming sessions unless breaching 701.00 and holding above it again.

The expected trading range for today is between 680.00 support and 705.00 resistance.

The expected trend for today: Bearish