The EURUSD pair managed to breach 1.1615 level and hold above it, to activate the positive effect of the inverted head and shoulders’ pattern that its signs appear on the chart, reinforcing the chances of achieving more gains that start at 1.1670 and extend to 1.1760.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, supported by the EMA50, noting that breaking 1.1615 will stop the expected rise and press on the price to return to the bearish track again.
The expected trading range for today is between 1.1570 support and 1.1720 resistance.
The expected trend for today: Bullish
Johnson & Johnson's stock (JNJ) rose 0.74% in the last session with positive signals from the RSI, while retesting the resistance of 161.88, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of 157.25 anew, while the resistance of 161.88 holds on.
Expected trend for today: Bearish
JPMorgan & Chase's stock (JPM) rallied 1.92% in the last session, tackling the pivotal resistance of 167.25, amid the dominance of the main upward medium-term trend, with positive support from the 50-day SMA, while a positive divergence forms in the RSI after reaching oversold levels compared to the stock's movements.
Therefore we expect more gains for the stock, targeting the resistance of 180.65, provided the resistance of 167.25 was breached.
Expected trend for today: Bullish
Coca-Cola's stock (KO) returned lower with a 0.24% loss in the last session, amid the dominance of the downward correctional short-term wave, settling at 54.48, with negative signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the stock, targeting the support at 53.70, provided the resistance of 55.50 holds on.
Expected trend for today: Bearish