EURUSD Price Analysis

Expected Scenario

• The EURUSD price provided new positive trades yesterday, as it tested 1.0760$ level, noticing that the EMA50 meets this support to add more strength to it, waiting to resume the bearish bias and head towards our negative targets that start at 1.0675$ followed by 1.0600$.
• Until now the bearish trend scenario still valid and active, noting that breaching 1.0795$ will stop the expected bearish wave and lead the price to turn to rise.

Expected Trading Range for Today

• Between the support 1.0660$ and the resistance 1.0800$.

Trend Forecast

Bearish

Brent Oil Price Analysis

Expected Scenario

• Brent oil price shows bearish bias now, affected by stochastic negativity, which urges caution from the upcoming trading, as continuing the decline and breaking 83.65$ will push the price to suffer additional losses and visit 82.40$ before turning back to rise again.
• The price needs to breach 84.77$ to confirm resuming the bullish wave that targets 85.80$ as a next positive station.

Expected Trading Range

Between 83.00$ support and 86.00$ resistance.

Crude Oil Price Analysis

Expected Scenario

• Crude oil price is testing the key support base 79.55$, and as we mentioned this morning, the price needs to hold above this level to guarantee the continuation of the expected bullish wave for today, which targets 81.50$ as a next station.
• Therefore, the positive scenario will remain active until now, noting that breaking 79.55$ and holding below it will put the price under negative pressure that targets 78.25$ followed by 77.65$ areas mainly.

Expected Trading Range

Between 78.80$ support and 81.70$ resistance.

Silver Price Analysis

Expected Scenario

• Silver price resumes its negative trading to break 29.30$ and move below it again, reinforcing the expectations of continuing the bearish trending in the upcoming sessions, paving the way to visit 28.55$ that represents our next main target, reminding you that the continuation of the bearish wave conditions the price stability below 29.30$ and the most important below 30.06$.

Expected Trading Range

Between 28.85$ support and 29.70$ resistance.