The EURUSD pair settles below 1.2064 level, to keep the negative pressure valid until now, noticing that stochastic reaches the overbought areas, to support the chances of resuming the expected bearish trend for the upcoming period, which target 1.1975 level as a next station.

The EMA50 supports the expected decline, noting that breaching 1.2064 and holding above it will stop the negative scenario and lead the price to achieve additional gains that reach 1.2170.

The expected trading range for today is between 1.1970 support and 1.2120 resistance.

The expected trend for today: Bearish

Crude oil price continues to rise to trade above 64.35 level, reinforcing the expectations of continuing the main bullish trend, which target 65.60 level as a first station, reminding you that the continuation of the expected rise requires holding above 62.30.

Gold price rallied upwards to reach the thresholds of the first waited target at 1800.00, reinforcing the expectations of continuing the bullish trend, and it needs the positive momentum to surpass the mentioned level and head towards 1838.00 as a next station, reminding you that it is important to hold above 1765.00 to achieve the suggested targets.

The EURUSD pair tested 1.2064 level and keeps its stability below it until now, to keep the bearish trend scenario active for the upcoming period, supported by stochastic head towards the overbought areas, reminding you that our main waited target is located at 1.1975.