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End of day analysis for the EURUSD 23-10-2020

Economies.com
2020-10-23 16:59PM UTC

The EURUSD pair begins providing negative trades after approaching the bullish channel’s resistance that appears on the chart, accompanied by stochastic reach to the thresholds of the overbought areas, waiting to resume the expected bearish trend for today, which depends on the price stability below 1.1880, while its next main target located at 1.1720.

IBM tries to recoup some losses - Analysis - 23-10-2020

Economies.com
2020-10-23 12:46PM UTC

IBM's stock rose 0.61% in the last session off the pivotal support of 115.29, while trying to recoup some past losses and vent off oversold saturation in the RSI, while trading alongside the downward medium-term trend line, with negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to decline and target the support of 104.90, provided the support of 115.29 was breached. 

 

Expected trend for today: Bearish 

Johnson & Johnson tries to vent off oversold saturation - Analysis - 23-10-2020

Economies.com
2020-10-23 12:45PM UTC

Johnson & Johnson's stock (JNJ) rose 0.80% in the last session while venting off oversold saturation in the RSI, after the support of 143.85 held on, lending some positive support, and amid negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the support of 139.12, provided the support of 143.85 was breached. 

 

Expected trend for today: Bearish 

JPMorgan receives positive support - Analysis - 23-10-2020

Economies.com
2020-10-23 12:45PM UTC

JPMorgan (JPM)'s stock rallied 3.53% in the last session after leaning on the support of the 50-day SMA, lending it positive momentum, while trading alongside the upward medium-term trend line, with positive signals from the RSI. 

 

Therefore we expect more gains for the stock, targeting the resistance of 105.63, provided the resistance of 115.70 was breached. 

 

Expected trend for today: Bullish 

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1782 (2025-07-06 21:35PM UTC)