The EURUSD pair faced temporary negative pressure in the previous sessions to attack 0.9790 level, but it closed the daily candlestick above it, to keep the correctional bullish scenario active, waiting to resume the bullish bias to visit 0.9865 followed by 0.9940 levels as next positive stations.

Therefore, we will keep our bullish overview supported by stochastic positivity, noting that the continuation of the bullish wave requires holding above 0.9790 and the most important above 0.9700.

The expected trading range for today is between 0.9750 support and 0.9900 resistance.

The expected trend for today: Bullish

Crude oil price provided clear negative trades after testing the bearish channel’s resistance in the previous sessions, to achieve our first waited target at 79.35, but it returns to rise again to fluctuate near the EMA50, and as long as the price is below 82.40, the bearish trend scenario will remain valid, reminding you that our next target extends to 76.30.

Gold price shows calm positive trades, noticing that the price loses its bullish momentum, and it might show some decline and test the key support base 1660.00 before turning back to rise again.

Until now, the positive scenario will remain active as long as 1660.00 level remains intact, reminding you that our next target is located at 1686.40.

The EURUSD pair faces negative pressure to break 0.9790 level and moves below it now, which urges caution from the upcoming trading, as consolidating below this level might put the price under more negative pressure and attempt to return to the main bearish track again, while stepping above it will push the price to achieve new gains that start at 0.9865 and extend to 0.9940.