The EURUSD pair shows sideway and tight trades since last Friday, to continue fluctuating around the intraday bearish channel’s resistance, thus, no change to the bearish trend scenario that depends on the price stability below 1.1900, waiting to head towards 1.1720 that represents our next main target.

We should note that breaching 1.1900 and holding above it will stop the negative scenario and brings the price back to the main bullish channel again.

The expected trading range for today is between 1.1760 support and 1.1930 resistance.

The expected trend for today: Bearish

Crude oil price provides new negative trades to attack the intraday bullish channel’s support line, which urges caution from the upcoming trading, as the continuation of the bearish bias and breaking 40.30 will stop the recently suggested positive scenario and press on the price to turn to decline.

Gold price resumes its positive trading to head towards our first waited target at 1967.90, waiting for more rise in the upcoming sessions, which its targets extend to 2008.80 after surpassing the previous level, reminding you that it is important to hold above 1934.86 to continue the expected rise.

The EURUSD pair continues to fluctuate near the intraday bearish channel’s resistance line, and as long as the price is below 1.1870 and 1.1910 levels, our bearish overview will remain valid for the upcoming period, supported by stochastic negativity, reminding you that our next main target is located at 1.1720.