The EURUSD pair begins today’s trading with a bullish bias to test the EMA50, where the price is affected by stochastic positivity, and it might test the bearish channel’s resistance before it returns to decline.

In general, we keep preferring the main bearish trend unless breaching 1.1020 level and holding above it, reminding you that our main waited target at 1.0857.

The expected trading range for today is between 1.0860 support and 1.1040 resistance.

The expected trend for today: Overall Bearish

Crude oil price made new test to 51.80 level without managing to break it until now, waiting to confirm the break to open the way to head towards 50.00 as a next target, to continue suggesting the bearish trend in the upcoming period unless breaching 54.60 and holding above it, noting that the EMA50 continues to support the suggested bearish wave.

The EURUSD pair traded with clear negativity to surpass the EMA50 and settles below it, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, and the way is open to achieve our next target located at 1.0857, reminding you that it is important to hold below 1.1025 to continue the expected decline.

General Motors' stock fell amid the dominance of the downward short-term trend, with negative signals from the 50-day SMA, coupled with negative pressure from the RSI. 

Therefore we expect more losses for the stock, targeting the support of 33.08. 

Expected trend for today: Bearish