The EURUSD pair touched 1.0775 level and presses negatively on it, to support the expectations of continuing the domination of the bearish trend in the upcoming sessions, on its way to visit 1.0700 as a next main target.

The EMA50 continues to support the suggested bearish wave, taking into consideration that the consolidation of the current level against the negative pressure will push the price to start recovery attempts that target testing 1.0860 followed by 1.0950 areas on the near term basis.

The expected trading range for today is between 1.0700 support and 1.0820 resistance.

The expected trend for today: Bearish

Crude oil price resumes its positive trading to reinforce the expectations of continuing the bullish trend, which targets 109.15 mainly, noting that breaching this level will extend the bullish wave to reach 1137.70 as a next main target, while holding above 106.25 represents key condition to continue the expected rise.

Gold price shows additional positive trades to approach our waited target at 2000.00, and it is important to monitor the price at this level, as breaching it will extend gold price gains to reach 2020.00 followed by 2050.00 as next main stations, while consolidating against the current rise will press on the price to rebound bearishly and head to test 1960.00 again.

Microsoft's stock returned lower with a 2.71% loss, settling at 279.83 in the last session, amid the dominance of the downward short-term correctional trend, with negative pressure from the 50-day SMA, countered by positive signals from the RSI.

The stock is outperforming the five-year market average by 20.48% on a yearly basis, with Microsoft's market value now amounting to $2.12 trillion.

We now expect more losses for the stock, targeting the pivotal support of 271.60.

Expected trend for today: Bearish