The EURUSD pair couldn’t manage to confirm breaking 1.0760 support line, to fluctuate around it again, which keeps our neutrality valid until the price manages to break the mentioned support or breach 1.0860 resistance to detect the next trend clearly.
The current contradiction between the technical indicators provides another reason for neutrality, reminding you that breaking the support will push the price to return to the main bearish track and achieve negative targets that start by testing 1.0645 areas, while breaching the resistance will lead the price to visit 61.8% Fibonacci correction level at 1.0960 mainly.
The expected trading range for today is between 1.0680 support and 1.0850 resistance.
The expected trend for today: Neutral
Gold price resumed its negative trading to reach our waited target at 1977.46, and the way seems open to surpass this level to open the way to head towards the next correctional target at 1938.00, to keep the bearish bias suggested in the upcoming sessions, taking into consideration that the consolidation of 1977.46 level against the current negative pressure will lead the price to start recovery attempts on the intraday basis.
The EURUSD pair trades negatively to break 1.0760 level and attempts to hold below it, to hint heading to activate the negative scenario in the upcoming sessions, which targets 1.0645 areas as a next main station, noting that closing the day below the first level is required to confirm the continuation of the bearish trend domination, while trading above it will bring us back to neutrality.
Morgan Stanley's stock (MS) rallied in the intraday levels, piercing the important resistance of 80.98, while trading above the 50-day SMA, amid the dominance of the upward correctional trend in the short term, with negative signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 89.50, provided it settles above 80.98.
Expected trend for today: Bullish