The EURUSD pair attempted to break 1.0670 level yesterday but it closed the daily candlestick above it, to keep the bullish trend scenario valid for the upcoming period, supported by stochastic and the EMA50 positivity, waiting to resume the bullish wave that its next main target located at 1.0770.

Note that breaking 1.0670 will press on the price to attempt to return to the main bearish track again, to head towards testing 1.0550 initially.

The expected trading range for today is between 1.0630 support and 1.0780 resistance.

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The expected trend for today: Bullish

Dole PLC's stock skidded in the intraday levels amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels, marking a loss of 11.04%, or 1.23 points, and settling at 9.91, with trading volumes nearing 2 million, above 10-day averages of half a million.

The stock is declining after reporting  a profit of $0.30 per share in the first quarter, down from $0.46 before, with earnings a $2.25 billion.

The company cut 2022 earnings estimates from $9.9 billion to $9.7. 

Therefore we expect the stock to decline and target the support of 9.00, provided the support of 9.90 was breached.

Expected trend for today: Bearish

Best Buy's stock (BBY) rose in the last session while trying to recoup some past losses as it vents off oversold saturation from the RSI, marking a profit of 1.21%, or 88 cents, and settling at 73.47, with trading volumes surpassing 14.8 million shares, above 10-day averages of 5.8 million shares, amid the dominance of the main downward short-term trend, with negative pressure from the 50-day SMA.

Best Buy cut its full year forecasts due to higher costs that impacted first quarter results, with the company now expecting revised profits of $8.40 for this financial year, down from $8.85 that was expected before, while expecting earnings of $48.3 billion, down from $49.3 billion before.

Therefore we expect the stock to return lower and target the support of 60.00, provided the support of 71.10 was breached.

Expected trend for today: Bearish

Abercombie & Fitch Company's stock (ANF) skidded in the intraday levels, after downgrading financial forecasts for 2022 due to inflation, which is hurting consumer demand.

The retailed cut down net sales forecasts by 2% from $3.7 billion last week, while expecting a considerable drop in second quarter sales from the previous year's $865 million.

The stock tumbled 28.58%, or 7.64 points, settling at 19.09, with trading volumes surpassing 13.8 million shares, above 10-day averages of 3.5 million shares, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA.

Therefore we expect more losses for the stock, targeting the support of 14.64, provided the resistance of 26.47 holds on.

Expected trend for today: Bearish