The GBPUSD pair ended yesterday below 1.3795, which leads the price to achieve expected decline in the upcoming sessions, targeting visiting 1.3720 mainly, waiting for bullish rebound to resume the main bullish track again after testing the mentioned level.
On the other hand, we should note that breaching 1.3795 and holding above it will reactivate the positive scenario that its next main target located at 1.3910.
The expected trading range for today is between 1.3700 support and 1.3880 resistance.
The expected trend for today: Bearish
The EURUSD pair trades at the key support 1.1615 and still above it until now, as the EMA50 meets this level to add more strength to it, while stochastic shows oversold signals now.
Therefore, we believe that the chances valid to resume the bullish trend that its targets begin by breaching 1.1670 to open the way to head towards 1.1760, noting that breaking 1.1615 will press on the price to turn to recline and visit 1.1525 level on the near term basis.
The expected trading range for today is between 1.1550 support and 1.1710 resistance.
The expected trend for today: Bullish
Crude oil price broke 82.60 strongly and decline declined sharply to achieve the expected negative target at 81.60 and presses negatively on it, hinting heading to continue the decline in the upcoming sessions, noting that holding below 82.60 will push the price towards 78.50 areas on the near term basis, while breaching it will lead the price to start new recovery attempts.
Cisco's stock (CISCO) rose 0.83% in the last session, settling at 56.20, amid the dominance of the downward correctional short-term wave, while hurt by piercing the upward trend line recently, with negative pressure from the 50-day SMA, as the RSI reached overbought legels.
Therefore we expect the stock to return lower, targeting the first support at 54.54, provided the resistance of 56.60 holds on.
Expected trend for today: Bearish