The EURUSD pair tested the first key resistance 1.0860 and couldn’t manage to breach it, to remain stuck between the key levels represented by 1.0860 – 1.0890 resistance and 1.0765 support, thus, our neutrality still valid until the price manages to breach one of the mentioned levels followed by detecting its next destination clearly.

The contradiction between the technical indicators provide another reason for neutrality, reminding you that the continuation of the rise and breaching the mentioned resistance levels will lead the price to achieve positive targets that start at 1.0960 and extend to 1.1080 after breaching the previous level, while breaking the support will put the price under negative pressure that its next main target reaches 1.0645.

The expected trading range for today is between 1.0760 support and 1.0940 resistance.

The expected trend for today: Depends on the above-mentioned levels

Crude oil price trades with clear positivity to breach 77.00 level and attempt to hold above it, to hint stopping the bearish correction at 38.2% Fibonacci correction level and head to regain the main bullish trend again, noting that closing today above 77.00 will confirm the continuation of the bullish bias and head to visit 78.75 as a first main station.

Boeing Company’s stock (BA) fell in the intraday levels, readying to pierce the important support of 199.60, amid the dominance of the downward correctional trend in the short term while trading alongside the secondary trend line, with negative signals from the RSI despite reaching oversold levels, as the stock also suffers negative pressure from the 50-day SMA.

Therefore we expect more losses for the stock, targeting the pivotal support of 176.25, provided the initial support of 199.60 is reliably breached.

Expected trend for today: Bearish 

Pepsico’s stock (PEP) rose in the intraday levels, with positive signals from the RSI after reaching oversold levels, amid the dominance of the upward correctional trend in the short term, while managing to shake off negative pressure from the 50-day SMA.

Therefore we expect more gains for the stock, targeting the pivotal resistance of 173.65, provided the support of 165.44 holds on.

Expected trend for today: Bullish