The EURUSD pair opens today’s trading with bullish bias to surpass our first target 1.0777 and approaches the second at 1.0840, reinforcing the chances of achieving more bullish correction on the intraday basis, noting that breaching the last level will push the price to 1.0966 that represents 38.2% Fibonacci correction level for the decline measured from 1.1498 to 1.0637.

Therefore, we suggest the continuation of the bullish bias in the upcoming sessions, taking into consideration that failing to breach 1.0840 will put the price under the negative pressure again, to head towards 1.0637 initially.

The expected trading range for today is between 1.0700 support and 1.0900 resistance.

The expected trend for today: Bullish

Crude oil price provided clear positive trades to attack 23.60, which urges caution from the upcoming trading, as holding above this level will lead the price to achieve more gains in the upcoming period, while the price needs to consolidate below 23.60 to resume the main bearish trend that its first target located at 20.00.

Gold price rallied upwards strongly to breach 1509.00 and surpasses the first suggested positive target at 1543.35, but it stopped below the broken support of the bullish channel that appears on the chart, to keep the overall negative scenario for the upcoming period unless breaching 1571.20 and holding above it, noting that the first negative target is located at 1453.10.

The EURUSD pair touched our first suggested target at 1.0777 and found solid resistance there, and as long as the price is above 1.0637, we suggest the continuation of the bullish bias in the upcoming sessions, noting that our next target reaches 1.0840.