The EURUSD pair shows some slight bullish bias now, in attempt to resume the main bullish trend, noticing that stochastic provides new positive signals that support the chances of achieving more gains in the upcoming sessions, waiting to visit 1.1030 as a next main target.

Holding above 1.0830 represents the first condition to continue the expected rise, as breaking it will press on the price to test the most important support at 1.0745 before any new attempt to rise.

The expected trading range for today is between 1.0820 support and 1.0970 resistance.

The expected trend for today: Bullish

Gold price attacked the bullish channel’s support line and achieved initial break to it, but it shows positive trades now in attempt to return above this support, to keep the chances valid to continue the main bullish trend, which depends on the price stability above 1920.35 as a first condition to continue the expected rise, noting that the next target is located at 1950.00.

The EURUSD pair faced temporary negative pressure to approach the key support 1.0830, and as long as the price is above this level, our bullish overview will remain valid for the upcoming period, supported by the EMA50, reminding you that our next target reaches 1.1030.

Costco's stock (COST) rose in the intraday levels after announcing that its board is launching a buy-back program worth $4 billion, sending the stock up 2.26%, or 10.62 points, and settling at 480.11, with trading volumes surpassing 2.5 million shares.

The gains came amid negative pressure from the 50-day SMA, with negative signals from the RSI after reaching overbought levels, while hurt by piercing the upward correctional trend line recently. 

Therefore we expect the stock to return lower, targeting the support of 453.80, provided the resistance of 490.48 holds on.

Expected trend for today: Bearish