The EURUSD pair settles around 1.1840 level, noticing that the price recorded lower high, accompanied by witnessing negative overlapping signal through stochastic, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which targets testing 1.1720 level mainly.

Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that breaching 1.1880 will stop the expected decline and push the price to resume the main bullish trend again.

The expected trading range for today is between 1.1750 support and 1.1900 resistance.

The expected trend for today: Bearish temporarily

Crude oil price resumes its negative trading strongly to break 40.00 barrier and settles below it, which supports the continuation of our bearish overview in the upcoming sessions, which targets 39.30 followed by 38.10 levels mainly, while achieving them requires holding below 41.60.

Gold price faces negative pressure to attack 1901.80 level and attempts to hold below it, to continue monitoring the price and wait the daily close according to the mentioned level to confirm the next targets clearly, noting that confirming the break will push the price for more decline and head towards 1875.00 followed by 1860.90 levels as next negative stations.

The EURUSD pair begins providing negative trades after approaching the bullish channel’s resistance that appears on the chart, accompanied by stochastic reach to the thresholds of the overbought areas, waiting to resume the expected bearish trend for today, which depends on the price stability below 1.1880, while its next main target located at 1.1720.