The EURUSD pair faces solid resistance at 1.1615 and finds difficulty to breach it, and by taking a deeper look at the chart, we find that the price forms inverted head and shoulders’ pattern that has positive targets that reach 1.1760, noticing that stochastic provides positive signals now that we are waiting to motivate the price to breach the mentioned resistance and ease the mission of continuing the rise.
Therefore, we will continue to suggest the bullish trend for the upcoming period depending on the above mentioned technical factors, taking into consideration that holding above 1.1545 is important to achieve the waited targets.
The expected trading range for today is between 1.1550 support and 1.1700 resistance.
The expected trend for today: Bullish
City Group's stock (C) fell 0.54% in the last session, amid negative signals from the RSI, amid the dominance of the downward correctional short-term wave, while trespassing the support of the 50-day SMA, doubling negative pressures.
Therefore we expect more losses for the stock, targeting the pivotal support of 64.55, provided the support of 69.35 was breached.
Expected trend for today: Bearish
Caterpillar's stock (CAT) fell 0.52% in the last session, settling at 188.94, with negative signals from the RSI, coupled with negative pressure from the 50-day SMA, while trading within a descending correctional channel that guided recent short-term trading.
Therefore we expect more losses for the stock, targeting the support of 175.00, provided the support of 187.00 was breached,
Expected trend for today: Bearish
Disney's stock (DIS) fell 0.10% in the last session with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, amid the dominance of the downward correctional trend in the medium term, settling at 172.96.
Therefore we expect more losses for the stock, targeting the pivotal support of 167.00, provided it settles below 175.70.
Expected trend for today: Bearish