The EURUSD pair settles above 1.1005 level, which makes us keep our intraday bullish overview, which targets testing the bearish channel’s resistance around 1.1095 before turning back to resume the main bearish trend again.

We remind you that breaching the mentioned resistance will extend the bullish wave to target 1.1180 level, while breaking 1.1005 will stop the expected rise and press on the price to head towards 1.0857 mainly.

The expected trading range for today is between 1.0950 support and 1.1100 resistance.

The expected trend for today: Bullish temporarily

Crude oil price faced strong negative pressure to break 57.33 level and settles below it now, to hint the price head to suffer more potential losses in the upcoming sessions, noting that closing the daily candlestick below this level will push the price to 54.47 initially.

Gold price approached testing 1498.00 level and settles below it, which keeps our bearish overview valid for the upcoming period, waiting to head towards 1480.00 mainly, noting that breaching 1498.00 will lead the price to return to the main bullish trend again.

The EURUSD pair provided negative trades to press on 1.1005 level, but it keeps its stability above it until now, to keep the bullish trend scenario active on the intraday basis, which targets 1.1100 level mainly, reminding you that it is important to hold above 1.1005 to continue the expected rise.