All articles tagged with #support and resistance levels
Apple shares have declined for eight consecutive days, dropping 22% this year, amid escalating trade tensions with President Trump threatening tariffs unless iPhones are made in the U.S. The stock's technical chart shows it approaching key support levels around $193 and $169, with resistance at $215 and $237, amid broader market concerns and a bearish 'death cross' signal.
The euro's bullish momentum is back in focus as the dollar weakened following Federal Reserve Chairman Jerome Powell's testimony in front of the U.S. House Financial Affairs Committee, which stressed a more gradual pace of rate rises in the future. A bullish continuation appears in play in EUR/USD, with further upside remaining constructive upon a daily hold above 1.0965 and upside levels of resistance at 1.1033 and 1.1100. The MACD hints towards extended upside momentum, but the bullish continuation would need to be reassessed in the event the pair trades and closes below 1.0910.