The EURUSD pair shows positive trading now to head towards potential test to the bearish channel’s resistance that declines now to 1.1010, and as long as the price is below this level, our bearish overview will remain valid for the upcoming period, waiting to visit 1.0857 mainly.
We should note that breaching 1.1010 and holding above it will stop the negative scenario and lead the price to achieve more gains that reach 1.1180 before any new attempt to decline.
The expected trading range for today is between 1.0890 support and 1.1050 resistance.
The expected trend for today: Overall Bearish
Crude oil price tested the EMA50 and bounced downwards strongly from there, to keep the bearish trend scenario valid and active for the upcoming period, supported by stochastic current negativity, reminding you that our main targets begin at 51.80 and extend to 50.00.
Bank of America's stock fell under pressure from the 50-day SMA, while trading alongside the upward medium-term trend, with positive signals from the RSI.
Therefore we expect the stock to return higher, as long as the support of 27.16 holds on, targeting the first resistance of 28.61.
Expected trend for today: Bullish
Microsoft's stock rose on the support of the 50-day SMA, with positive signals from the RSI, leaning on the support of 134.64 and garnering momentum.
Therefore we expect the stock to rise as long as the support of 134.64 holds on, targeting the resistance of 141.52.
Expected trend for today: Bullish