The EURUSD pair tests the bearish flag’s support line -mentioned yesterday-, waiting to break this support to activate the negative effect of this pattern followed by rallying towards our first waited target at 1.1500, reminding you that breaking this level will extend the bearish wave to reach 1.1420 as a next station.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.1595.
The expected trading range for today is between 1.1480 support and 1.1600 resistance.
The expected trend for today: Bearish
Pfizer's stock (PFE) returned lower with a 0.68% loss in the last session while hurt by piercing the main upward trend line recently, with negative pressure from the 50-day SMA, while carrying on the downward short-term correctional path.
Therefore we expect more losses for the stock, targeting the first support at 40.00, provided it holds below 43.00.
Expected trend for today: Bearish
Baidu's stock rose 3.54% in the last session, managing to shake off negative pressure from the 50-day SMA, with positive signals from the RSI while hurt by piercing the downward trend line recently.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 176.00, provided it holds above 152.00.
Expected trend for today: Bullish
Comcast's stock tumbled 4.70% in the last session amid the dominance of the downward short-term correctional wave, while hurt by piercing the main upward trend line recently, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the stock, targeting the first support at 52.40, provided the support of 55.00 was breached.
Expected trend for today: Bearish