The EURUSD pair provided slight negative trades yesterday to test the EMA50, noticing that stochastic gathers the positive momentum clearly, waiting to motivate the price to resume the main bullish trend, which targets 1.1030 as a next station.
Therefore, our bullish overview will remain valid for the upcoming period, noting that breaking 1.0845 might press on the price to test 1.0745 areas before any new attempt to rise.
The expected trading range for today is between 1.0800 support and 1.0970 resistance.
The expected trend for today: Bullish
Crude oil price showed additional rise to touch 81.60 and found solid resistance there, noticing that stochastic loses its positive momentum to head towards potential decline in the upcoming sessions, and we prefer to monitor the upcoming trades until we get clearer signal for the next trend, noting that consolidating below the mentioned resistance will lead the price to resume the bearish trend and visit 78.95 as a first negative station.
Gold price shows more bearish bias to attack 1928.00 and moves below it, to fall under more expected negative pressure in the upcoming sessions, noting that holding below it will push the price to visit 1900.00 direct, while stepping above it is required to regain the main bullish trend again.
AT&T's stock (T) rose in the intraday levels after turning to losses due to costs of restructuring, however it showed continued subscribers growth in the fourth quarter, sending the stock up 6.58% in the last session, or 1.26 points, and settling at 20.42, with trading volumes surpassing 73.5 million shares, above 10-day averages of 38.1 million shares.
Technically,. the upward correctional trend dominates in the short term, with positive support from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 21.39, provided it settles above the support of 19.12.
Expected trend for today: Bullish