The EURUSD pair tested 1.2000 barrier, falling under the negative pressure formed by the EMA50, to support the continuation of the expected bearish trend scenario for the upcoming period, which target 1.1975 level as a next station, reminding you that breaking this level will extend the bearish wave to reach 1.1880.
On the other hand, we should note that breaching 1.2064 will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 1.1940 support and 1.2080 resistance.
The expected trend for today: Bearish
Crude oil price succeeded to touch our first waited target at 65.60 and finds solid resistance there, waiting to get positive momentum that assist to push the price to surpass this level and confirm extending the bullish wave towards 67.95, noting that the continuation of the expected rise requires holding above 64.35.
Gold price faced strong negative pressure to break 1785.00 level and settles below it, to hint heading for potential test to the most important support at 1765.00 before turning back to rise, making the bearish bias suggested in the upcoming sessions unless the price managed to breach 1785.00 and hold above it again.
McDonald's stock (MCD) fell 0.22% in the last session after hitting an intraday high at 238.08 and bouncing off it lower, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect the stock to rise anew and target the resistance of 243.63, provided the support of 231.76 holds on.
Expected trend for today: Bullish