The EURUSD pair managed to breach the bullish pennant’s resistance and closed the daily candlestick above it, to activate the positive effect of this pattern and get a positive motive that we are waiting to assist to push the price to resume the expected bullish trend for the upcoming period, which targets 1.1975 level as a next station.
Therefore, the bullish trend scenario will remain valid and active on the intraday basis unless breaking 1.1880 level and holding below it.
The expected trading range for today is between 1.1830 support and 1.1980 resistance.
The expected trend for today: Bullish
Johnson & Johnson's stock (JNJ) fell in the last session while trespassing the support of the 50-day SMA, leaning on the current support of of 159.50, amid the dominance of the main upward medium-term trend, with positive signals from the RSI after reaching oversold levels.
Therefore we expect the stock to return higher, targeting the first resistance at 166.20, provided the support of 159.50 holds on.
Expected trend for today: Bullish
JPMorgan's stock rose in the intraday levels while trading alongside the upward short-term trend line, with positive support from the 50-day SMA, readying to tackle the pivotal resistance of 158.00, with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 167.00, provided the resistance of 158.00 was reliably breached.
Expected trend for today: Bullish
Coca-Cola's stock (KO) returned higher with a 0.11% profit in the last session, amid positive support from the 50-day SMA, coupled with positive signals from the RSI, with the dominance of the upward medium-term correctional trend.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 54.55.
Expected trend for today: Bullish