The EURUSD pair settles below 1.0960 level, to keep the bearish trend scenario active for the upcoming period, supported by the negative pressure formed by the EMA50, besides the negative signal provided by stochastic now, waiting to resume the bearish wave that targets 1.0860 as a next station.
Holding below 1.0960 is important to continue the expected decline, being aware that the markets might witness high volatility this afternoon at the time of releasing the US data, noting that surpassing the mentioned target will extend the bearish wave to reach 1.0765 areas direct, while breaching 1.0960 represents positive factor that will lead the price to attempt to return to the bullish trend and achieve new gains that reach 1.1080.
The expected trading range for today is between 1.0850 support and 1.1000 resistance.
The expected trend for today: Bearish
Crude oil price trades with clear negativity to attempt to break 71.90 level and hints heading to achieve more decline in the upcoming sessions, but we still neutral until the price confirms breaking this level or breaching 73.73 resistance to detect the next targets clearly, noting that the continuation of the decline and breaking the mentioned support will push the price to 69.80 initially.
Morgan Stanley's stock (MS) fell in the intraday levels with negative signals from the RSI, while the stock gathers momentum to rise anew, as it trades alongside the upward correctional trend line in the short term, with positive pressure from the 50-day SMA, while the RSI reached oversold levels.
Therefore we expect the stock to return higher, targeting the resistance of 95.57, provided it settles above 89.45.
Expected trend for today: Likely Bullish
Dell Technologies' stock (DELL) returned higher in the intraday levels, while venting off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the resistance of 83.00, provided it settles above 72.82.
Expected trend for today: Bullish