The EURUSD price trades negatively since yesterday, and by taking a deeper look at the chart, we find that the price formed head and shoulders’ pattern that its confirmation line located at the current areas around 1.0385$, thus, breaking this level will push the price to continue the decline and achieve our negative targets that start at 1.0325$ and extend to 1.0220$ after breaking the previous level.

Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that breaching 1.0455$ will stop the expected decline and lead the price to achieve bullish correction on the intraday and short-term basis.

The expected trading range for today is between 1.0300$ support and 1.0455$ resistance

Trend forecast: Bearish

Ethereum price (ETHUSD) achieved initial breach to 3222.00$ and closed the last four hours’ candlestick above it, to hint heading to activate the positive scenario on the intraday basis, which targets 3335.00$ followed by 3425.50$ levels as next main stations, taking into consideration that the price needs to consolidate above 3222.00$ to guarantee the continuation of the bullish wave in the upcoming sessions and achieve the suggested targets.

Gold price rallied upwards strongly to succeed reaching our waited target at 2790.00$, and we suggest surpassing this level to visit the bullish channel’s resistance line around 2804.75$ and achieve new historical highs, taking into consideration that failing to breach 2790.00$ might force the price to rebound bearishly and head to test the channel’s support line around 2751.50$ before any new attempt to rise.

IOTA’s currency price (IOTAUSDT) rose in the intraday levels, while trying to recoup some recent losses, as it also vented off oversold saturation in the RSI, with positive signals coming out of it, amid the dominance of the downward correctional trend in the short term, with negative pressure due to trading below the 50-day SMA. 

Therefore we expect the price to return lower and target the pivotal support of $0.2528, provided the resistance of $0.3998 holds on.

Trend forecast for today: Likely Bearish