The EURUSD pair settles around 1.1730 level since yesterday, and the EMA50 continues to press negatively on the price, to keep our bearish overview that depends on the price stability below 1.1780, affected by the previously completed double top pattern, reminding you that our main waited target is located at 1.1605.
The expected trading range for today is between 1.1640 support and 1.1780 resistance.
The expected trend for today: Bearish
Crude oil price faced strong negative pressure to break 70.70 level and approaches the expected negative target of the break at 69.25, noticing that the price rebounds bullishly again to hint heading to regain the bullish trend, but we need to monitor the upcoming trading to confirm the next trend clearly, as breaching 71.05 will reactivate the positive scenario that its next target located at 73.30, while breaking 69.25 will force the price to suffer more losses on the intraday basis.
Gold price traded with strong positivity to breach 1770.00 level and attempts to hold above it, to head towards achieving potential gains in the upcoming sessions, noting that closing the daily candlestick above the mentioned level will lead the price to achieve additional rise that targets 1797.00 areas.
General Motors' stock (GM) fell 3.82% in the last session while exposed to negative pressure from the 50-day SMA, as the RSI reached overbought levels as the stock trades alongside the downward correctional trend line in the short term.
Therefore we expect more losses for the stock, targeting the support of 43.95, provided the support of 48.70 was breached.
Expected trend for today: Bearish