Germany: Henkel shares price hovers around the resistance – Analysis – 30-7-2019

Despite Henkel shares price facing strong positive pressures recently, its frequent stability below the bearish channel’s resistance at 85.80 forms major factor to confirm the domination of the bearish bias for the upcoming trading, expecting to gather new negative momentum to start forming negative trades to press on 82.90 level, while breaking it might extend trading towards 80.90 to form the first main target of the bearish bias.

The expected trading range for today is between 85.75 and 83.00

The expected trend for today: Bearish