The EURUSD pair settles near the key support 1.0635, and we still waiting to break this level to confirm the continuation of the bearish wave and head towards our next station that reaches 1.0515.
Stochastic provides negative signals that support the chances of achieving the required break, besides the negative pressure formed by the EMA50, noting that breaching 1.0680 will stop the negative scenario and lead the price to start recovery attempts that target testing 1.0785 areas before any new attempt to decline.
The expected trading range for today is between 1.0560 support and 1.0700 resistance.
The expected trend for today: Bearish
American Express Company's stock (AXP) kept falling in the intraday levels amid negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels, with the stock piercing the support of the upward short-term trend line, doubling negative pressures.
Therefore we expect more losses for the stock, targeting the support of 147.40, provided it settles below 158.23.
Expected trend for today: Bearish
Intel Corporation's stock (INTC) fell in the intraday levels, amid negative signals from the RSI despite reaching oversold levels, while seeking a bottom to bounce it higher, amid the dominance of the upward correctional trend in the short term, with the stock thus leaning on the support of the 50-day SMA.
Therefore we expect the stock to rise and target the pivotal resistance of 40.00, provided the support of 32.80 holds on.
Expected trend for today: Likely Bullish
Chevron Corporation's stock (CVX) fell in the intraday levels, amid negative signals from the RSI while gathering positive momentum to rise anew, amid the dominance of the upward medium-term trend, with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 172.47, provided it settles above the support of 162.30.
Expected trend for today: Likely Bullish