The tight range dominated the EURUSD pair’s trades yesterday, hovering around 1.1563 level, keeping its stability below it, to keep the bearish trend scenario valid as it is without any change, waiting to visit 1.1500 followed by 1.1420 levels as main targets.
Note that breaching 1.1563 and holding above it will lead the price to achieve intraday gains that target 1.1635 followed by 1.1700 levels mainly.
The expected trading range for today is between 1.1460 support and 1.1620 resistance.
The expected trend for today: Bearish
Crude oil price bouced upwards sharply after approaching our waited target at 74.50, to breach 76.65 level strongly and resumes the main bullish track, on its way to achieve additional gains that reach 80.25 as a next main station.
Oracle's stock (ORCL) fell 0.16% in the last session after the pivotal resistance of 91.10 held on , while gathering positive momentum to pierce that resistance, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, coupled with positive signals out of the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 96.00, provided the resistance of 91.10 was breached.
Expected trend for today: Bullish
Adobe's stock (ADBE) rose 0.64% in the last session while recouping some recent losses and venting off oversold saturation in the RSI, amid positive signals out of them, with the stock settling below the resistance of 576.70, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the medium term (from 420.63 to 673.64), while suffering negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the first support at 547.35, representing the ratio 50% of the same retracement levels.
Expected trend for today: Bearish