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20 Feb 2020

S&P500 Price News: Index drops to five-day lows, challenges 3350 level

  • The S&P500 is down sharply on an intraday basis. 
  • Sellers are pressuring the 3350 support level. 
 

S&P500 daily chart

 
The S&P500 Index is trading in a bull trend above its main simple moving averages (SMAs) on the daily chart. The market is dropping to five-day lows while challenging the 3350 support. In the event, the market drops below the above-mentioned level the index is likely to weaken further towards the 3300 level. On the flip side, bulls would need to recapture the 3400 level. 
 

Additional key levels

 

Feb 20, 2020

EUR/USD fails to hold on to recovery gains, plummets below 1.0800

The EUR/USD pair advanced to a daily high of 1.0820 during the American session but erased its gains in a rapid fashion in the last hour as the greenb
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Feb 20, 2020

USD/CAD steadies in positive territory near 1.3260

Similar to Wednesday's price action, the USD/CAD pair fluctuated during the American session as markets reacted to the macroeconomic data releases fro
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