The EURUSD pair settles near 1.1160 level after reaching few point away from our waited target at 1.1180, and it might witness temporary bearish bias affected by stochastic negativity, while the EMA50 keeps supporting the price from below.

Therefore, we will keep our bullish trend expectations in the upcoming period, and the price needs to breach 1.11800 level to confirm the extension of the bullish wave towards 1.1280, taking into consideration that the continuation of the suggested bullish trend requires holding above 1.1060 level.

The expected trading range for today is between 1.1080 support and 1.1260 resistance.

The expected trend for today: Bullish

Crude oil price bounced downwards clearly after testing 54.60 level, to keep the bearish trend scenario valid and active in the upcoming sessions, supported by stochastic negativity, noting that we are waiting to visit 51.80 level as a next main target.

Gold price finds difficulty to break 1485.00 level, to show bullish bias and test the EMA50, and as long as the price is below 1507.50, our bearish overview will remain active, organized inside the bearish channel that appears on the chart, reminding you that our first main target is located at 1447.00.

The EURUSD pair resumed its positive trading to approach our main waited target at 1.1180, waiting for more rise to breach this level and extend the bullish wave on the short term basis, as the next target is located at 1.1280, reminding you that it is important to hold above 1.1040 to continue the expected rise.