The EURUSD pair attempted to breach 1.0960 level but it returns to settle below it, to keep the bearish trend scenario valid for the upcoming period, supported by the EMA50 that presses negatively on the price, waiting to visit 1.0860 as a next main target.

By taking a deeper look at the chart, we find that the price is forming bearish pattern that might push the price to surpass the suggested target to head towards 1.0765 areas as a next negative station, while on the other hand, we should note that breaching 1.0960 will stop the expected decline and lead the price to turn to rise.

The expected trading range for today is between 1.0850 support and 1.1000 resistance.

The expected trend for today: Bearish

Crude oil price trades with clear positivity to test the key resistance 73.73, which represents one of the next trend keys besides 71.50 support, as the price needs to surpass one of these levels to detect the next targets clearly, reminding you that breaching the resistance will push the price to build bullish wave that its targets begin at 75.90, while breaking the support will push the price to resume the main bearish trend again.

Gold price approached the waited target at 2016.90 and bounced upwards strongly to test the key resistance 2065.70, and as we mentioned in our recent reports, the price needs to hold below this level to keep the bearish trend valid for the upcoming period, as breaching it represents initial key to regain the main bullish trend again.

The EURUSD pair trades with clear positivity to attack 1.0960 and attempts to hold above it, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the negative scenario active, noting that confirming breaching it will lead the price to build bullish wave that targets 1.1080 areas on the near term basis.