The EURUSD pair provides more negative trades to press on 1.1295 level, which urges caution from the upcoming trading, as the price needs to consolidate above this level to resume the main bullish trend, supported by stochastic reach to the oversold areas, taking into consideration that breaking the mentioned level and holding with a daily close below it will press on the price to achieve more decline and head towards 1.1170 areas initially.
eBay's stock rallied 6.26% in the last session, piercing the pivotal resistance of 46.95, amid the dominance of the main upward trend in the medium and short terms, with support from the 50-day SMA, countered by negative signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 52.60, provided it holds above 49.36.
Expected trend for today: Bullish
Cisco Systems' stock fell 0.17% in the last session while gathering momentum to help it rise anew, as it traded alongside the upward short-term trend line, with support from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 50.25, provided the support of 43.37 holds on.
Expected trend for today: Bullish
Comcast's stock fell in the intraday levels on profit-taking while gathering momentum to help it rise anew, as it vented off overbought saturation from the RSI, after the resistance of 41.56 held on, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave in the medium term (from 47.68 to 31.63), with support from the 50-day SMA.
Therefore we expect the stock to rise and target the resistance of 43.93, representing the ratio 76.4%.
Expected trend for today: Bullish