The EURUSD pair shows bearish bias after approaching our waited target at 1.1443 yesterday, to move around 1.1355 now, as the price is affected by stochastic negativity, noting that the continuation of the bearish bias and breaking 1.1320 will press on the price to achieve more decline and test 1.1265 and might extend to 1.1180 levels before any new attempt to rise.
Until now, the positive scenario will remain active for today conditioned by the price stability above 1.1320, reminding you that breaching 1.1443 will extend the bullish wave to reach 1.1565 as a next station.
The expected trading range for today is between 1.1380 support and 1.1443 resistance.
The expected trend for today: Bullish
Microsoft's stock fell after the resistance of 138.83 held on, as traders collected recent profits while the stock vented off overbought saturation in the RSI, gathering momentum to help it attack that resistance.
Therefore we expect the stock to rise as long as the support of 131.27 holds on, targeting the resistance of 138.83.
Expected trend for today: Bullish
Facebook's stock traded within an ascending medium-term price channel, with positive support from the 50-day SMA, while venting off overbought saturation in the RSI.
Therefore we expect the stock to rise, as long as the support of 180.30 holds on, targeting the pivotal resistance of 198.51.
Expected trend for today: Bullish
General Electric's stock fell in the intraday levels, venting off overbought saturation in the RSI while gathering momentum to help it rise anew, while trading alongside the upward medium-term trend line, with positive support from the 50-day SMA.
Therefore we expect the stock to rise, targeting the pivotal resistance of 11.23, as long as the support of 9.80 holds on.
Expected trend for today: Bearish