The EURUSD price managed to touch our waited target at 1.0510$, and bounced bullishly to test the bearish channel’s resistance line that appears on the chart, while stochastic loses its positive momentum gradually, waiting to assist to push the price to resume the expected bearish trend on the intraday and short-term basis, which its next target reaches 1.0400$ areas.
The EMA50 keeps supporting the suggested bearish wave, noting that breaching 1.0580$ will lead the price to start bullish correction before turning back to decline again.
The expected trading range for today is between 1.0460$ support and 1.0610$ resistance
Trend forecast: Bearish
Ethereum price (ETHUSD) resumes its negative trading to approach 3042.50$ level, noticing that the price completes forming head and shoulders’ pattern that we expect to push the price to break the mentioned level followed by heading to achieve more negative targets in the upcoming sessions, as the next target reaches 2825.00$, while the expected decline will remain valid unless the price rallied to breach 32620.00$ and hold above it.
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Bitcoin price (BTCUSD) achieved initial break to the intraday bullish trend line to head towards starting potential bearish correction in the upcoming sessions, noting that consolidating below 90000.00$ will push the price to test 87025.00$ as a first correctional target, which breaking it represents the key to rally towards 83165.00$ as a next negative target, while breaching 90000.00$ will reactivate the positive scenario and head to visit 94000.00$ areas on the near-term basis.
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Crude oil price trades with clear positivity to breach 68.64$ and attempts to hold above it, to hint heading for potential turn to rise in the upcoming sessions, noting that closing the day above this level will push the price towards 70.58$ as a next positive station.