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Evening update analysis for the EURUSD 20-02-20240

Economies.com
2024-02-20 16:15PM UTC

The EURUSD pair trades with clear positivity to approach our waited target at 1.0860, and we need to monitor the price at this level, as breaching it represents the key to extend the bullish wave and achieve additional gains that reach 1.0960, while consolidating against the bullish rally will push the price to rebound bearishly and test 1.0765 areas again.

Amgen trapped in a hesitant place - Analysis - 20-02-2024

Economies.com
2024-02-20 11:33AM UTC

Amgen’s stock (AMGN) fell in the intraday levels, amid negative pressure due to trading below the 50-day SMA, and amid the dominance of the downward correctional wave, piercing thereafter the support of 288.45, while seeking a bottom to bounce it higher again, amid the dominance of the main upward trend in the short term alongside the trend line, as the RSI reached oversold levels. 

 

Therefore we expect the stock to return higher, targeting the first resistance at 300.00, provided the support of 274.60 holds on.

 

Expected trend for today: Likely Bullish 

Humana emits more negative signals - Analysis - 20-02-2024

Economies.com
2024-02-20 11:32AM UTC

Humana’s stock (HUM) inched higher in the intraday levels, after the current support of 356.95 held on, lending the stock some positive momentum and helping it recoup some losses, amid the dominance of the main downward trend, as the stock trades alongside the steep secondary short-term trend line, with negative pressure from the 50-day SMA, coupled with negative divergence from the RSI after reaching overbought levels compared to the stock’s movements. 

 

Therefore we expect the stock to return lower, provided the resistance of 383.45 holds on, and especially if the support of 356.95 was pierced, thereafter targeting the support of 320.00. 

 

Expected trend for today: Likely Bearish 

General Electric soars - Analysis - 20-02-2024

Economies.com
2024-02-20 11:32AM UTC

General Electric Company’s stockk (GE) kept rising in the intraday levels, amid the complete dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA, as the RSI reached overbought levels.

 

Therefore we expect more gains for the stock, targeting the resistance of 168.55, provided the support of 130.80 holds on.

 

Expected trend for today: Bullish 

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1774 (2025-07-04 23:55PM UTC)