The EURUSD pair begins today’s trading with calm negativity in attempt to resume the expected bearish trend on the intraday basis, noticing that stochastic provides negative overlapping signal now, waiting to motivate the price to provide more bearish bias in the upcoming sessions.

Therefore, the bearish trend scenario will remain valid and active unless breaching 1.1375 and holding above it, noting that our main expected target reaches 1.1145.

The expected trading range for today is between 1.1200 support and 1.1360 resistance.

The expected trend for today: Bearish

The NZDUSD pair shows more bearish bias to move away from 0.6800 level, reinforcing the expectations of continuing the main bearish trend, and the way is open to achieve our waited target at 0.6700, which requires holding below 0.6875.

The expected trading range for today is between 0.6700 support and 0.6840 resistance

The expected trend for today: Bearish

The AUDUSD pair keeps declining to approach gradually from our waited target at 0.7000, to support the continuation of the bearish trend scenario that gets continuous support by the EMA50, remidning you that it is important to hold below 0.7170 to continue the expected decline.

The expected trading range for today is between 0.7000 support and 0.7110 resistance

The expected trend for today: Bearish

Brent oil price rallied upwards strongly to breach 69.60 level and approach the first positive station at 72.70, and we prefer to stay aside temporarily until we get clearer signal for the next trend, which we will get through breaching one of the mentioned levels.

Note that the continuation of the rise and breaching 72.70 resistance will lead the price to achieve additional gains that reach 75.20, while breaking 69.60 support will press on the price to decline again and head towards 64.60 areas as a next main station.

The expected trading range for today is between 70.00 support and 72.70 resistance.

The expected trend for today: Neutral