The EURUSD price ended last Friday below 1.0990$ level, and by taking a deeper look at the chart, we find that the price completed forming double top pattern that has negative targets that surpass 1.0940$ to reach 1.0880$ followed by 1.0780$ levels as next negative stations.

Therefore, we expect to witness more decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that breaching 1.0990$ followed by 1.1040$ levels will stop the expected decline and lead the price to attempt to regain the bullish trend again.

The expected trading range for today is between 1.0890$ support and 1.1040$ resistance.

Trend forecast: Bearish

Crude oil price succeeded to touch our waited target at 75.36$ and hints heading to achieve more gains in the upcoming period, as breaching this level represents the key to rally towards 78.40$ as a next main station, while holding above 73.48$ represents major condition to continue the expected rise.

Gold price trades with strong negativity to attack 2635.05$ and hints turning to decline, which urges caution from the upcoming trading, as confirming breaking this level will push the price to suffer additional losses that reach 2626.00$ followed by 2595.00$, while breaching 2663.00$ will reactivate the bullish wave that its next target located at 2710.00$.

The EURUSD price trades with strong negativity to surpass our first waited target at 1.0990$ and settles below it, reinforcing the expectations of extending the bearish wave, which its next target located at 1.0940$, noting that breaking this level will push the price towards 1.0880$ as a next negative station, while the expected decline will remain valid unless breaching 1.1040$ and holding above it.