Technical Analysis of US Crude, XAUUSD, and EURUSD for Today (June 16, 2025)
I welcome my fellow traders! I have made a price forecast for USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.
Last week, the euro tested the support (A) during a correction.
The article covers the following subjects:
Major Takeaways
- USCrude: On Friday, oil reached all the bullish targets for trades opened at the support (B) 70.17 – 69.72.
- XAUUSD: Gold has been trading in a downward correction since the market opened on Monday.
- EURUSD: The euro is rising. The price has reached its first bullish target near 1.1556.
Oil Price Forecast for Today: USCrude Analysis
On Friday, oil tested the support (B) 70.17 – 69.72. Traders were able to open long trades near this zone. Some of these trades were locked in at the first target of 72.20. The rest of the positions were closed at the breakeven level.
Today, oil tried to continue trading in a short-term uptrend. However, the price has remained below the Target Zone 73.74 – 73.22. Currently, the asset is trading in a correction. If the price tests the support (B) again during the correction, one may consider long trades again once a reversal pattern forms.
USCrude Trading Ideas for Today:
Watch the market.
Gold Forecast for Today: XAUUSD Analysis
Gold started to drop when trading opened on Monday. This decline is just a correction. If the price hits the support (A) 3376 – 3368 during this correction, one may consider long trades with the first target of 3409 and the second one near 3451.
If gold breaks through this support today, the correction may continue to the support 3338 – 3327, the short-term uptrend’s boundary. Therefore, consider long trades near this zone.
XAUUSD Trading Ideas for Today:
Buy near support (A) 3376 – 3368. TakeProfit: 3409, 3451. StopLoss: 3354.
Euro/Dollar Forecast for Today: EURUSD Analysis
Last week, the euro tested the support (A) 1.1495 – 1.1481 during a correction. After that, the price rebounded from this support and reached the first bullish target near 1.1556. The second target is last week’s high.
If the asset exceeds last week’s high, bulls will try to push the price above the Gold Zone 1.1622 – 1.1609. If the quotes consolidate above this level, the next target will be the Target Zone 1.1786 – 1.1758.
The trend boundary is shifting to 1.1427 – 1.1407.
EURUSD Trading Ideas for Today:
Hold up long trades opened at support (A) 1.1495 – 1.1481. TakeProfit: 1.1631. StopLoss: at the breakeven.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
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Price chart of EURUSD in real time mode
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