The EURUSD pair attempted to break 1.0960 but it couldn’t manage to hold below it until now, to remain confined between this support and 1.0995 resistance, thus, we will continue with our neutrality until the price manages to confirm surpassing one of these levels to detect its next destination clearly.

Note that breaking the support will push the price to resume the negative trades and head towards 1.0860 initially, noting that reaching this level will complete forming head and shoulders’ pattern that has negative targets that surpass the mentioned level to reach 1.0765 followed by 1.0645 levels, while breaching the resistance represents the key to resume the bullish wave on the short-term basis, to head towards testing 1.1080 areas initially.

The expected trading range for today is between 1.0870 support and 1.1050 resistance.

The expected trend for today: Neutral

Crude oil price faces negative pressure to attack 73.73 level and settles below it, which urges caution from the upcoming trading, as ending today below it will put the price under additional negative pressures that target 71.25 followed by 70.00 levels as initial stations, while stepping above it will revive the chances of starting intraday bullish wave that its first main target located at 75.90.

Silver price traded with strong positivity to breach 23.00 and retest the broken neckline of the head and shoulders’ pattern that appears on the chart, and we suggest resuming the negative trades affected by this pattern to break 23.00 level and reactivate the negative scenario again, noting that the next main target reaches 22.25, while the chances of achieving it will remain valid unless the price rallied to breach 23.70 and hold above it.

Gold price rallied upwards to breach 2041.00 level and reach the thresholds of the key resistance 2065.70, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the correctional bearish wave that targets testing 2016.90 initially, noting that breaching 2065.70 will stop the negative scenario and lead the price to achieve more gains on the intraday and short-term basis.