The EURUSD pair settles at the key support 1.2064, facing contradiction between the technical factors, which makes us prefer staying aside until we get clearer signal for the next trend, through monitoring the price behavior according to the mentioned level.
Note that breaking 1.2064 will push the price to continue the decline and head towards 1.1976 as a next negative target, while consolidating above it represents the key to resume the bullish wave inside the bullish channel that appears on the chart to test 1.2170 level again.
The expected trading range for today is between 1.2000 support and 1.2170 resistance.
The expected trend for today: Neutral
Crude oil price managed to breach 65.60 level and hold above it, reinforcing the expectations of continuing the bullish trend efficiently in the upcoming sessions, paving the way to head towards 67.95 that represents our next target, while holding above 65.60 represents initial condition to continue the expected rise.
Gold price faces additional negative pressure to break 1825.00 level and attempts to hold below it, which hints the price head to turn to decline, noting that holding below the mentioned level will push the price to continue the decline and visit 1792.00 areas before any new positive attempt.
The EURUSD pair broke 1.2135 level strongly to reach 1.2064 level direct, pressing negatively on this level in attempt to break it, which urges caution from the upcoming trading, as breaking the last level will press on the price to suffer additional losses that reach 1.1976.