Dow Jones Futures Edge Up Ahead of Fed, GDP & Tech Earnings

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Dow Jones Futures Edge Up Ahead of Fed, GDP & Tech EarningsUS Wall St 30OANDA:US30USDSroshMayiDow Jones Futures Edge Up Ahead of Fed, GDP & Tech Earnings – Bearish Bias Below 44,770 Dow Jones futures rose slightly overnight as investors brace for a packed session. Key events include the release of Q2 GDP data before the market opens, the Federal Reserve’s policy decision in the afternoon, and earnings reports from major tech firms later in the day. Yesterday, the Dow Jones managed to break below the ascending channel, which technically indicates a new bearish signal for today. The price stabilizing below 44,770, along with an attempt to break the support line at 44,610, suggests a potential downward move. Initially today, before the opening of the New York session, the price may attempt to rise toward 44,770 as a retest. However, we anticipate a decline afterward, aiming to break and pass the support level at 44,610, and then extend the drop toward 44,360. The bullish scenario becomes valid only if the price stabilizes above 44,770. If it can trade above this level for a longer duration, it may rise further toward 44,910. Key Levels • Support: 44,610 - 44,360. • Resistance: 44,770 - 44,910 - 45,100.