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The EURUSD faces new negative pressure – Analysis - 29-07-2022

Economies.com
2022-07-29 04:02AM UTC

The EURUSD pair traded with strong negativity yesterday to test the most important support at 1.0100, and bounced bullishly from there to test 1.0200 level now and attempts to breach it, which encourages us to continue suggesting the bullish trend for the upcoming period, and the price needs to step above the last level to confirm the continuation of the bullish bias towards 1.0278 followed by 1.0355 levels as next main targets.

 

The EMA50 supports the expected rise, which will remain valid conditioned by the price stability above 1.0100.

 

The expected trading range for today is between 1.0140 support and 1.0300 resistance.

 

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The expected trend for today: Bullish

Alphabet surges - Analysis - 28-07-2022

Economies.com
2022-07-28 12:47PM UTC

Alphabet's stock (GOOG) surged after reporting quarterly earnings of $69.69 billion, up from $61.88 billion last year, while missing estimates of $69.8 billion, with the stock surging 7.74%, or 8.16 points, and settling at 113.60, with trading volumes surpassing 41.4 million shares, above 10-day averages of 33.5 million shares.

 

The stock rose after the pivotal support of 105.80 held on, while the RSI reached oversold levels, lending it positive momentum that helped it maintain the gains, with positive signals from the RSI, while facing pressure from the 50-day SMA, amid the dominance of the downward correctional short-term trend.

 

We expect more gains for the stock, targeting the resistance of 120.44, provided the support of 105.80 holds on.

 

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Expected trend for today: Bullish

Microsoft shakes off some negative pressure - Analysis - 28-07-2022

Economies.com
2022-07-28 12:46PM UTC

Microsoft's stock (MSFT) surged in the intraday levels as the company expected increased earnings growth in the next financial year as market share improves, which compensated the impact of the stronger dollar, with the stock spiking 6.69%, or 16.84 points, settling at 268.74, with trading volumes surpassing 46 million shares, above 10-day averages of 27.4 million shares.

 

The stock shook off negative pressure from the 50-day SMA, while the main downward correctional trend remains dominant in the short term, with negative signals from the RSI.

 

Therefore we expect more gains for the stock, targeting the resistance of 277.69.

 

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Expected trend for today: Bullish

Boeing trims gains - Analysis - 28-07-2022

Economies.com
2022-07-28 12:46PM UTC

Boeing's stock (BA) rose in the intraday levels after turning to losses in the second quarter, as defence contracts decline, even as the company maintained this year's cash flow, with the stock surging 0.11%, or 17 cents, settling at 156.09, with trading volumes surpassing 16.3 million shares, above 10-day averages of 9.7 million shares. 

 

Weak gains came amid negative signals from the RSI after reaching overbought levels, in an attempt to vent off overbought saturation, while buoyed by piercing the downward short-term trend line, with support from the 50-day SMA.

 

Therefore we expect the stock to rise and target the resistance of 169.00.

 

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Expected trend for today: Bullish

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1690 (2025-07-11 21:55PM UTC)