The GBPUSD price reached 1.2500$ barrier, falling under the negative pressure formed by the EMA50, waiting to resume the bearish wave that targets 1.2400$ as a next main station.

The bearish channel continues to organize the suggested bearish wave, which will remain valid unless the price rallied to breach 1.2605$ and hold above it.

The expected trading range for today is between 1.2450$ support and 1.2600$ resistance

Trend forecast: Bearish

The EURUSD price traded with clear negativity in the previous sessions to approach the first waited target at 1.0333$, noticing that the price begins today with bullish bias affected by stochastic positivity, and it needs to get negative motive that push the price to resume the main bearish wave that its targets extend to reach 1.0250$ after breaking the previous level.

On the other hand, we should note that breaching 1.0385$ will stop the negative scenario and lead the price to achieve additional gains and test 1.0475$ areas before any new attempt to decline.

The expected trading range for today is between 1.0290$ support and 1.0445$ resistance

Trend forecast: Bearish

Peloton Interactive’s stock price (PTON) fell in the intraday levels, while seeking a bottom to bounce it higher anew, as it leaned on the pivotal support of $8.96, amid the dominance of the main upward trend in the short term, with positive pressure due to trading above the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of $10.90, provided the support of $8.96 holds on.

Trend forecast for today: Likely Bullish 

Dollar Tree’s stock price (DLTR) fell in the intraday levels after the pivotal resistance of $76.98 held on, while the stock tried to gather positive momentum to pierce that resistance, as it also vented off overbought saturation in the RSI, while buoyed by piercing the main downward trend line in the medium term, with positive pressure due to trading above the 50-day SMA.

Therefore we expect the price to return higher, provided the aforementioned resistance of $76.98 was reliably breached, thus targeting the next one at $88.95.

Trend forecast for today: Likely Bullish