The EURUSD pair shows more bearish bias to surpass 50% Fibonacci correction level and settles below it, which supports the continuation of the expected bearish trend for the upcoming period, which its next target located at 1.0995 followed by 1.0950 mainly, noting that holding below 1.1065 represents the first condition to continue the expected decline.
Boeing's stock rose while settling below the resistance of 369.45, representing the ratio 50% of Fibonacci retracement levels for an ascending wave, amid negative pressure from the 50-day SMA while the RSI reached overbought levels.
Therefore we expect the stock to return lower, targeting the pivotal support of 328.64, representing the ratio 76.4%.
Expected trend for today: Bearish
AMD's stock returned higher amid the dominance of the main upward trend, with support from the 50-day SMA, marking a 0.97% profit, amid negative signals from the RSI.
We expect more gains for the stock, targeting the resistance of 37.73.
Expected trend for today: Bullish
IBM's stock fell in the intraday levels after touching the resistance of the 50-day SMA while gathering momentum and venting off overbought saturation in the RSI, amid the dominance of the main upward trend.
Therefore we expect the stock to return higher, targeting the resistance of 141.17.
Expected trend for today: Bullish