(EURUSD) slipped lower in its last intraday trading, showing the stability of the solid resistance at 1.1900, with the emergence of negative signals from relative strength indicators, after offloading its oversold conditions, opening the way for recording more losses in the upcoming period, especially with its leaning on EMA50’s support, as a clear signal for surpassing the negative pressure.
Stellar (XLMUSD) price recorded a decline in its latest intraday trading, remaining under negative pressure as it continues to trade below the 50-day SMA, which reinforces the dominance and stability of the main short-term bearish trend. Price action is moving along a supporting trend line for this bearish path, while momentum indicators are still sending negative signals, despite having reached heavily oversold levels.
Therefore we expect the cryptocurrency price to fall in upcoming intraday trading, as long as it remains below the $0.1655 resistance level, targeting the key support at $0.1465.
Today’s price forecast: Bearish
ULTA Beauty (ULTA) stock price recorded a decline in its latest intraday trading after facing firm resistance at the key $695.30 level, as the stock takes profits from its previous gains and attempts to build fresh positive momentum that could help it break above that barrier. The main medium-term trend remains bullish, with price action moving along major and minor upward trend lines, while continuing to trade above the 50-day SMA, which provides dynamic support. Momentum indicators are also showing positive signals.
Therefore we expect the stock price to rise in upcoming trading, especially if it breaks above the $695.30 resistance level, to target the next resistance at $736.75.
Today’s price forecast: Bullish
Morgan Stanley (MS) stock price recorded a decline in its latest intraday trading, as the stock attempts to form a higher low that could serve as a base for building the positive momentum needed to resume its recovery. The price remains supported by its 50-day SMA and is also trading along a main upward trend line in the short term, which strengthens the chances of a near-term rebound. Momentum indicators are also showing positive signals after reaching heavily oversold levels.
Therefore we expect the stock price to rise in upcoming trading, provided it holds above the $172.60 support level, to target the key resistance at $192.65.
Today’s price forecast: Bullish