The EURUSD pair ended last Friday below 1.0960 level, to fall under expected negative pressure on the intraday basis, noting that our waited target is located at 1.0860.
The technical indicators provide positive signals that might push the price to attempt to recover and regain the bullish trend, which urges caution from the upcoming trading, noting that breaching 1.0960 will stop the current negative pressure and lead the price to achieve new gains that reach 1.1080, while breaking 1.0860 will push the price to achieve additional negative targets that extend to 1.0765.
The expected trading range for today is between 1.0830 support and 1.0970 resistance.
The expected trend for today: Bearish
Crude oil price faces negative pressure to attack 71.35 level and attempts to hold below it, which urges caution from the upcoming trading, as confirming the break will push the price to suffer more losses and head to test 68.70 level initially, while consolidating above 71.35 is required to revive the bullish trend scenario that its next target located at 73.73.
The EURUSD pair provided additional negative trades to break 1.0960 level and settles below it, to head towards achieving more potential decline in the upcoming sessions, targeting testing 1.0860 before determining the next trend clearly, noting that breaching 1.0960 will stop the current negative pressure and push the price to recover again.
Fedex Corporation's stock (FDX) rose in the intraday levels, confirming the breach of the pivotal resistance of 270.45, 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 after reaching overbought levels.
Therefore we expect more gains for the stock, targeting the resistance of 300.00, provided it settles above 270.45.
Expected trend for today: Bullish