The EURUSD pair declined strongly to reach the recently recorded low at 0.9550, showing more bearish bias by today’s open to support the chances of continuing the bearish trend on the intraday and short term basis, noting that our next target declines to 0.9490.
Therefore, we are waiting for more expected decline in the upcoming sessions, supported by the continuous negative pressure coming by the EMA50, reminding you that it is important to hold below 0.9700 to continue the bearish trend.
The expected trading range for today is between 0.9460 support and 0.9620 resistance.
The expected trend for today: Bearish
Kroger Company's stock (KR) rose in the last session after the support of 44.34 held on, lending it positive momentum while venting off oversold saturation in the RSI, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of 41.60, provided the support of 44.34 was breached.
Expected trend for today: Bearish
Coinbase's stock (COIN) rose in the intraday levels after leaning on the upward correctional trend line in the short term, lending it positive momentum,, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 84.58, provided the support of 64.00 holds on.
Expected trend for today: Bullish
ZScaler's stock (ZS) rose in the intraday levels, amid the dominance of the upward correctional trend in the short term, while trying to shake off negative pressure from the 50-day SMA, countered by negative signals from the RSI after reaching overbought levels.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 188.00, provided the support of 143.75 holds on.
Expected trend for today: Bullish