Evening update for EURUSD-28-07-2026

EURUSD price rose in its last intraday trading, with the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, attempting to offload some of this oversold conditions to reach the resistance of EMA50, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path, threatening the current gains.

Litecoin (LTCUSD) advanced in recent intraday trading as the cryptocurrency attempted to recover part of its recent losses while also working off its pronounced oversold conditions on the momentum indicators, with fresh bullish signals beginning to emerge. Despite this rebound, the technical outlook remains under pressure following the price's break below a short-term ascending trendline. In addition, Litecoin continues to trade below its 50-period Simple Moving Average (SMA), which is acting as dynamic resistance and limiting the prospects for a sustained recovery in the near term.

Therefore, our outlook remains bearish for the cryptocurrency's upcoming trading sessions, as long as resistance at $46.85 remains intact. Under this scenario, the price is expected to target the key support level at $45.40, with the possibility of a downside breakout below that level.

Today's price forecast: Bearish.

Autodesk (ADSK) closed higher in its latest trading session, successfully breaking above its 50-day Simple Moving Average (SMA) and eliminating a key source of downside pressure. The stock remains within a short-term bullish corrective trend, with price action continuing to move alongside an ascending trendline that reinforces the prevailing positive bias. Meanwhile, momentum indicators have begun generating fresh bullish signals after previously reaching oversold territory, further strengthening the prospects for an extension of the recent gains in the near term.

Therefore, our outlook remains bullish for the stock's upcoming trading sessions, as long as support at $202.40 remains intact. Under this scenario, the stock is expected to target the key resistance level at $250.50.

Today's price forecast: Bullish.

Pfizer (PFE) edged higher in a volatile trading session, but the stock remains under the control of a primary short-term downtrend, with price action continuing to follow a descending trendline that reinforces the prevailing bearish bias. Selling pressure also persists as the stock continues to trade below its 50-day Simple Moving Average (SMA), which is acting as dynamic resistance and limiting the prospects for a sustained recovery in the near term. Meanwhile, momentum indicators continue to generate bearish signals after forming a bearish divergence, adding further downside pressure to the stock.

Therefore, our outlook remains bearish for the stock's upcoming trading sessions, as long as resistance at $25.40 remains intact. Under this scenario, the stock is expected to target the key support level at $23.65.

Today's price forecast: Bearish.