The EURUSD pair provided clear positive trades to surpass the EMA50, noticing that the rise stopped at the intraday bearish channel’s resistance that its signs appear on the chart, accompanied by witnessing clear overbought signals through stochastic, which supports the chances of bouncing bearishly to resume the correctional bearish trend.
Therefore, we expect witnessing negative trades today, waiting to visit 1.1720 level as a next main station, noting that breaching 1.1870 will stop the expected decline and motivates the price to achieve additional gains that target testing 1.1910 followed by 1.2011 as initial positive targets.
The expected trading range for today is between 1.1750 support and 1.1910 resistance.
The expected trend for today: Bearish
Crude oil price provided new strong positive trades to breach 40.30 and approaches our second waited target at 41.85, to support the expectations of continuing the bullish trend on the intraday and short term basis, noting that the continuation of the bullish wave requires holding above 39.05.
Gold price keeps its stability above 1934.86, to keep the overall bullish trend scenario valid for the upcoming period, which targets 1967.90 followed by 2008.80 as next main stations, reminding you that it is important to hold above 1934.86 to continue the expected rise.
Starbucks' stock rose 0.76% in the last session amid positive support from the 50-day SMA, coupled with positive signals from the RSI, while trading alongside the upward short-term trend line.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 93.90, provided the support of 83.62 holds on.
Expected trend for today: Bullish