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End of day analysis for the EURUSD 17-08-2021

Economies.com
2021-08-17 16:55PM UTC

The EURUSD pair resumed its negative trading strongly to reach the thresholds of the first waited target at 1.1700, waiting for more decline that targets 1.1600 level as a next station, noting that the continuation of the bearish wave requires holding below 1.1780 and 1830.

Boeing gives in to negative pressure - Analysis - 17-08-2021

Economies.com
2021-08-17 11:24AM UTC

Boeing's stock (BA) fell 2.30% in the last session away from the ceiling of a downward correctional price channel that guided recent trading, while also touching the resistance of the 50-day SMA, as the RSI reached overbought levels, forcing the stock downwards. 

 

Therefore we expect more losses for the stock, targeting the first support at 221.00, provided the resistance of 237.00 holds on. 

 

Expected trend for today: Bearish 

Bank of America tries to vent off overbought saturation - Analysis - 17-08-2021

Economies.com
2021-08-17 11:24AM UTC

aBank of America's stock (BAC) fell in the intraday levels on profit-taking while gathering positive momentum to help it rise anew, while venting off overbought saturation in the RSI, with negative signals out of them, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 43.45. 

 

Expected trend for today: Bullish

City Group tries to gather momentum - Analysis - 17-08-2021

Economies.com
2021-08-17 11:24AM UTC

City Group's stock (C) fell 1.38% in the last session while gathering momentum and venting off overbought saturation in the RSI amid negative signals out of them, while trading alongside the main upward medium-term trend line, with positive pressure from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the first resistance at 75.65, provided the support of 69.35 holds on.

 

Expected trend for today: Bullish