The EURUSD pair reached 1.1375 level now and fluctuates there, waiting to breach this level to confirm extending the bullish wave to and head towards 1.1500 followed by 1.1560 as next positive targets.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, noting that failing to achieve the required breach might push the price to test 1.1290 areas before any new attempt to decline.
The expected trading range for today is between 1.1300 support and 1.1450 resistance.
The expected trend for today: Bullish
Crude oil price breached 79.80 level strongly and rallied to settle above 81.00 barrier now, which supports the continuation of our bullish overview efficiently on the intraday and short term basis, waiting to achieve our next main target at 81.75, and we suggest surpassing this level to head towards 84.00 areas on the near term basis, noting that holding above 79.80 is important to achieve the suggested targets.
Gold price rallies upwards clearly to approach our waited target at 1825.15, waiting for more expected rise in the upcoming sessions, noting that breaching this level will extend the bullish wave to reach 1860.00 as a next station, while holding above 1797.00 represents key condition to continue the suggested bullish trend.
Sugar price trades with clear positivity to breach 17.70 level, which urges caution from the upcoming trading, as consolidating above this level will push the price to test 18.25 level initially before any new attempt to decline, while the price needs to trade below 17.70 again to resume the bearish trend that its next target located at 17.00.
The expected trading range for today is between 17.30 support and 18.00 resistance
The expected trend for today: Bearish