The EURUSD pair surpassed the bearish trend resistance line and settled above it, to start bullish correction for the decline that started from 1.1909 areas, and it needs to breach 1.1615 to confirm extending the correctional bullish wave towards 1.1670 followed by 1.1760 levels.
Therefore, the bullish bias will be suggested for the upcoming period supported by moving above the EMA50, noting that breaking 1.1560 will stop the expected rise and press on the price to decline again.
The expected trading range for today is between 1.1530 support and 1.1670 resistance.
The expected trend for today: Bullish
Gold price rallied upwards sharply to breach 1770.00 and 1780.00 levels and reach the expected positive target of the breach at 1797.00, noting that the price is on its way to achieve more expected rises in the upcoming sessions, noting that breaching the last level will lead the price to achieve more gains that reach 1825.15, while consolidating against the current bullish rally will press on the price to decline towards 1770.00 initially.
The EURUSD pair trades with clear positivity to attack the bearish trend line, which urges caution from the upcoming trading, as the price heads towards potential test to the trend, noting that consolidating above 1.1575 will lead the price to achieve additional gains that start at 1.1615 and extend to 1.1670.
Starbucks' stock (SBUX) rose 0.05% in the last session, settling at 111.00, while trading within a descending price channel that guided recent short-term trading, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.
Therefore we expect the stock to return lower, targeting the first support at 109.45, provided the resistance of 114.45 holds on.
Expected trend for today: Bearish