The EURUSD price’s rise stopped at 1.0530$ level, to rebound bearishly and return to the bearish channel by today’s open, which stops the correctional bullish scenario suggested in our last technical update to resume the bearish track again, on its way to achieve negative targets that start at 1.0325$.

Therefore, the bearish bias will be suggested for today, supported by the negative pressure formed by the EMA50, noting that breaching 1.0475$ and holding above it will lead the price to achieve intraday gains that target testing 1.0563$ level initially.

The expected trading range for today is between 1.0380$ support and 1.0520$ resistance

Trend forecast: Bearish

Bitcoin price (BTCUSD) faces strong negative pressure to attack 95820.00$ level and attempts to hold below it, to hint starting potential start for bearish correction on the intraday basis, noting that closing the day below this level will confirm the activation of the correctional bearish scenario that its targets begin at 91855.00$, while trading above it again will revive the main bullish wave scenario that its next main target located at the 100k barrier.

Silver price broke 30.63$ level clearly to head towards suffering expected losses in the upcoming sessions, opening the way to visit 29.64$ as a next main target, noting that the continuation of the expected decline depends on the price stability below 30.63$.

Gold price faces additional negative pressure to attack 2640.00$ level and attempts to hold below it, to head towards achieving more expected decline in the upcoming sessions, especially in case confirming the break by closing the daily candlestick below it, noting that confirming the break will push the price to achieve negative targets that start at 2600.00$ and extend to 2515.00$.