The EURUSD pair achieved more of the upside moves yesterday to approach from the critical resistance level at 1.1108, noticing that the price begins today with a bearish bias as a signal to resume the expected bearish trend in the upcoming period, supported by stochastic negativity that appears in the four hours’ time frame.
Therefore, we believe that the way is open for trading negatively for today, pointing that we are waiting for targeting 1.0995 then 1.0950 levels mainly, while holding below 1.1108 represents an important condition for the continuation of the expected decline.
The expected trading range for today is between 1.1000 support and 1.1140 resistance.
The expected trend for today: Bearish
Coca-Cola's stock declined on profit-taking while gathering momentum to help it rise anew, while venting off overbought saturation in the RSI, marking a 0.64% profit, amid the dominance of the main upward trend, with support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 54.80.
Expected trend for today: Bullish
City Group's stock fell 0.63% in the last session after the pivotal resistance of 76.26 held on, amid the dominance of the main upward trend in the medium and short terms, with positive signals from the RSI, coupled with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 80.68 in case the resistance of 76.26 is breached.
Expected trend for today: Bullish
Caterpillar's stock inched up 0.08% in the last session while settling above the support of 141.13, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave, with positive support from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the next resistance at 148.08, representing the ratio 76.4%.
Expected trend for today: Bullish