The EURUSD price bounced downwards clearly after testing the bearish trend line that appears on the chart, to start pressing on the key support 1.0355$, which leads the price to resume the bearish trend and head to achieve negative targets that we expect to start at 1.0275$ and extend to 1.0220$.
Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 1.0425$ followed by 1.0455$ levels will stop the bearish wave and lead the price to start bullish correction on the intraday and short-term basis.
The expected trading range for today is between 1.0265$ support and 1.0420$ resistance
Trend forecast: Bearish
Ethereum price (ETHUSD) faces strong negative pressure to reach 3425.50$ direct, and we need to monitor the price at this level, as breaking it will push the price to suffer more losses and visit 3222.00$ on the near-term basis, while holding above it will push the price to recover again and visit 3680.00$ initially.
Bitcoin price (BTCUSD) faces strong negative pressure to break 99000.00$ and head towards potential test to the critical support 95195.00$, affected by stochastic negativity, and we need to monitor the upcoming trading according to the mentioned levels, noting that consolidating above the mentioned support will lead the price to resume the main bullish trend again, while breaking it will push the price to return to the correctional bearish track and suffer additional losses that reach 90000.00$ as a next negative station.
Brent oil price rallied upwards to breach 76.84$ and close the last four hours’ candlestick above it, to head towards potential turn to the bullish track, especially that stochastic shows clear positive signals now, noting that consolidating above the mentioned level will push the price to achieve positive targets that start by visiting 78.00$ followed by 78.66$ levels.