The EURUSD pair ended yesterday below 1.0860 level after the positive attempts that it witnessed in the previous sessions, to keep the bearish trend expected on the intraday basis, which targets testing 1.0760 as a next main station.

Stochastic provides negative signals that support the chances of resuming the expected bearish bias, noting that breaching 1.0860 will push the price to achieve additional bullish correction that its next target reaches 1.0960 areas.

The expected trading range for today is between 1.0760 support and 1.0920 resistance.

The expected trend for today: Bearish

Crude oil price traded with strong negativity to succeed achieving our waited target at 73.73, noticing that the price breaks this level to open the way to suffer more losses in the upcoming period, noting that the next station is located at 71.85, while holding below 73.73 represents the first condition to continue the expected decline.

Gold price rallied upwards to breach 1975.00 level and attempt to hold above it, to stop the correctional bearish scenario and head towards achieving expected gains in the upcoming sessions, noting that the next target is located at 2000.00, while the expected rise will remain valid unless breaking 1962.35 and holding below it.

The EURUSD pair attempted to breach 1.0860 level but it keeps its stability below it, thus, we will continue to suggest the bearish trend for the upcoming period, which depends on the price stability below the mentioned level, noting that we are waiting to visit 1.0760 level initially.