The EURUSD pair keeps fluctuating near the bearish channel’s resistance and keeps its stability below this level, noticing that the EMA50 meets this resistance to strengthen it, while stochastic moves at the overbought levels.

Therefore, we believe that the chances are available for trading negatively in the upcoming sessions, waiting for heading to 1.0857 as a next main station, reminding you that surpassing the current resistance will push the price to test 1.1180 level before any new attempt to decline.

The expected trading range for today is between 1.0960 support and 1.1120 resistance.

The expected trend for today: Bearish

Crude oil price continues to fluctuate at 54.60 and still above it, waiting to break this level to confirm rallying towards our negative targets that reach 51.80, reminding you that it is important to hold below 55.55 to continue the expected decline.

Gold price shows negative trading to press on the main bullish trend line that appears on the chart, which urges caution from the upcoming trading, as confirming breaking 1485.00 will stop today’s suggested positive scenario and press on the price to start correctional bearish wave, while consolidating above it will push the price towards 1555.00 as a next positive target.

The EURUSD pair attempted to breach the bearish channel’s resistance but it returns to fluctuate below it, to keep the bearish trend scenario active for the upcoming period, which its next target located at 1.0857, while its continuation requires holding below 1.1095.