The EURUSD pair continued to decline during its recent intraday trading, reaching the 1.1590 support level, which was our previously expected targets, amid ongoing negative pressure caused by trading below the EMA50, reinforcing the stability and dominance of the short-term bearish corrective trend, especially as the pair continues to move alongside a steep minor bearish trend line, while relative strength indicators continue to provide negative signals.
Dash (DASHUSD) price declined in its latest intraday trading after facing resistance at its 50-day SMA, which reinforces the stability and dominance of the short-term corrective bearish trend, especially while moving alongside a trend line supporting this path. In the background, we notice the beginning of a negative crossover appearing on the Stochastic indicators after reaching deeply overbought levels, which increases the surrounding negative pressure on the price.
Therefore we expect the digital currency price to decline in its upcoming intraday trading, as long as it remains below the $44.20 resistance level, targeting the $37.15 support level.
Today’s price forecast: Bearish
Micron Technology (MU) stock price slipped lower in its latest intraday trading amid continued negative signals from the Stochastic indicators after previously reaching deeply overbought levels, as the stock attempts to establish a higher low that could serve as a base to gain the positive momentum needed to restore its recovery, while continuing to trade above its 50-day SMA, under the dominance of the main upward trend in the short term.
Therefore we expect the stock price to rise in its upcoming trading, as long as it holds above the $605.00 support level, targeting once again the $818.00 resistance level.
Today’s price forecast: Neutral
Applied Materials, Inc. (AMAT) stock price declined in its latest intraday trading, as the stock attempts to gain positive momentum that could help it recover and rise again, while continuing to trade above its 50-day SMA, which provides dynamic support and reinforces the stability and dominance of the main upward trend in the short term, especially while moving alongside a trend line supporting this path, strengthening the chances of a near-term recovery.
Therefore we expect the stock price to rise in its upcoming trading, provided that the $396.00 support level remains intact, targeting the $448.00 resistance level.
Today’s price forecast: Bullish