The EURUSD pair’s rise stopped at the EMA50 that formed good resistance against the price, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 1.1605 mainly.
On the other hand, we should note that breaching 1.1780 will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 1.1650 support and 1.1790 resistance.
The expected trend for today: Bearish
3M's stock rose 0.8% in the last session, settling at 179.84, while recouping recent losses in the short term, amid the dominance of the downward correctional wave, while venting off oversold saturation in the RSI, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of 173.00, provided the support of 179.50 was breached.
Expected trend for today: Bearish
Morgan Stanley's stock (MS) rose 2.54% in the last session after leaning on the main upward medium-term trend line, while also leaning on the 50-day SMA, amid positive signals from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 104.70, provided the support of 98.70 holds on.
Expected trend for today: Bullish
Nike's stock (NKE) rose 1.56% in the last session, settling at 157.44, while trading alongside the main upward trend line in the medium term, with positive signals from the RSI after reaching oversold levels, countered with negative pressure from the 50-day SMA, while dominated by the downward correctional short-term wave.
Therefore we expect more cautious gains for the stock, targeting the resistance of 162.55.
Expected trend for today: Bullish