The EURUSD price ended yesterday above 1.0865$ level, to head towards achieving bullish correction for the decline measured from 1.1208$ to 1.0760$, on its way to achieve positive targets that start at 1.0930$ and extend to 1.0985$.

Therefore, we expect to witness more rise in the upcoming sessions, supported by moving above the EMA50, noting that breaking 1.0865$ will stop the positive scenario and push the price to resume the main bearish wave again.

On the other way, we should note that we are waiting for important data from the US economy today, which might cause high volatility for the major currencies’ pairs and commodities, which urges caution at the time of releasing these data.

The expected trading range for today is between 1.0800$ support and 1.0960$ resistance

Trend forecast: Bullish

Ethereum price (ETHUSD) faces additional negative pressures to test 2600.05$ support line now, which urges caution from the upcoming trading, as continuing the decline and breaking this level will push the price to suffer additional losses and open the way to head towards 2550.00$ as a next negative target.

Bitcoin price (BTCUSD) trades with clear negativity to break 71475.00$ and head towards potential turn to decline, noting that holding below this level will push the price to achieve bearish correction that targets 70555.00$ followed by 69605.00$ levels as initial negative stations, while breaching 71475.00$ and trading above it again will reactivate the bullish wave that its first target located at 73818.00$ and extend to 76480.00$.

Silver price succeeded to achieve our waited target at 33.04$ and presses on it in attempt to confirm breaking it, noticing that the price completes forming double top pattern that has negative targets that surpass 32.50$ to reach 31.95$, to keep the bearish bias dominant in the upcoming sessions as long as 33.70$ level remains intact.