The EURUSD pair succeeded to achieve our waited target at 1.0670, noticing that the price breached this level and closed the daily candlestick above it, to support the chances of extending the correctional bullish wave and pave the way to head towards 1.0770 as a next main station.

Therefore, the bullish trend scenario will remain active for the upcoming period, taking into consideration that failing to consolidate above 1.0670 will press on the price to decline and head towards testing 1.0550 areas mainly before determining the next destination clearly.

The expected trading range for today is between 1.0600 support and 1.0760 resistance.

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The expected trend for today: Bullish

Broadcom's stock declined to a session-low at 512.44, bouncing higher after leaning on the support of 513.70, lending it positive momentum, and shaving some losses to 0.55%, or 3.02 points, and settling at 543.19, with trading volumes surpassing 4 million shares, above 10-day averages of 2.8 million shares.

The downward correctional short-term trend continues to dominate, amid negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

Sources said that Broadcom is conducting talks to acquire cloud services provider VMware Inc in a deal that aims to turn Broadcom into a multi-sector tech company, with negotiations still ongoing.

Broadcom manufactures chips used in products such as cellphones and communication networks, but purchasing VM would give it the ability to reach new client and data bases. 

Therefore we expect the stock to decline and target the pivotal support of 513.70, provided the resistance of 593.07 holds on.

Expected trend for today: Bearish

Ross Stores' stock declined in the intraday levels, amid the dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA, amid negative signals from the RSI, piercing the pivotal support of 84.44, with a loss of 22.47% in the last session, or 20.83 points, settling at 71.87, with trading  volumes surpassing 34.5 million shares, above 10-day averages of 7.3 million shares.

The decline came after the retailed reported a drop in profits and sales in the first quarter of the year, with the company's stock downgraded by Credit Suisse and Deutsche Bank, and the stock becoming the worst performing on S&P 500 and NASDAQ 100.

Therefore we expect more losses for the stock, targeting the first support at 68.31, provided the resistance of 84.44 holds on.

Expected trend for today: Bearish

Deere & Company's stock tumbled in the last session even after reporting strong profits and sales in the second quarter, amounting to a profit of $6.81 per share, up from $5.68 per share, while analysts expected $6.69.

Total earnings reached $13.37 billion, up from $12.1 billion in the same quarter of last week, with net sales amounting to $12.03 billion, beating estimates of $13.16 billion.

The company upgraded forecasts for the 2022 financial year net income from $6.7 billion to $7.4 billion.

Technically, the stock is exposed to negative pressure after piercing the main upward trend line in the medium term, amid negative pressure from the 50-day SMA, piercing the pivotal support of 321.90, and sustaining a loss of 14.07% in the last session, or 51.31 points, and settling at 313.31, with trading volumes surpassing 8.8 million shares, above 10-day averages of 2.3 million shares.

Therefore we expect more losses for the stock, targeting the first support at 278.95, provided the pivotal support of 321.90 was breached.

Expected trend for today: Bearish