• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

EURUSD and GBPUSD: EURUSD on new July high up to 1.09000

by July 12, 2024
written by July 12, 2024

EURUSD and GBPUSD: EURUSD on new July high up to 1.09000

On Thursday, EURUSD rose to 1.09000 level. 
In the previous two days, the pair GBPUSD was in a strong bullish consolidation up to the 1.29496 level.

EURUSD chart analysis

On Thursday, EURUSD rose to 1.09000 level. We saw a strong bullish impulse at the beginning of the US session, and the reason for this was the published data on US inflation. The data showed a slight drop in inflation, which had a negative impact on the dollar. We held higher for a short time because, already in the next hour, a pullback to the 1.08600 level was initiated. During this morning’s Asian trading session, the movement took place in the 1.08600-1.08700 range.

Before the start of the EU session, the EURUSD was still under pressure and could easily slide to a new daily low. Potential lower targets are the 1.08500 and 1.08400 levels. Additional support at 1.08500 is the EMA 50 moving average, while the weekly open price is slightly below the 1.08400 level. If we manage to stay above the weekly open price, we will remain on the positive side.

 

GBPUSD chart analysis

In the previous two days, the pair GBPUSD was in a strong bullish consolidation up to the 1.29496 level. After forming a new 12-month high, it stopped there and retreated to the 1.29000 level. During this morning’s Asian trading session, the movement took place in the 1.29000-1.29200 range. For now, we are successfully maintaining this range, but we remain under slight pressure to see a break below to a new low.

Potential lower targets are the 1.28800 and 1.28600 levels. The EMA 50 moving average provides additional support at 1.28800. For a bullish option, we need a positive consolidation and growth above the 1.29200 level. If we succeed, we will create a position from which we could continue with further recovery. Potential higher targets are the 1.29400 and 1.29600 levels.

 

The post EURUSD and GBPUSD: EURUSD on new July high up to 1.09000 appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Oil and Natural Gas: The price of oil is back above $83.00
next post
Rate cuts before the year’s end could make your next trip abroad more expensive

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • S&P 500, Nasdaq slip as NVIDIA underperforms; Tesla shares and crypto stocks jump

    March 3, 2025
  • Nvidia overtakes Apple as world’s most valuable company

    October 28, 2024
  • Could Bitcoin Reach $200000? Market & Expert Insights

    February 13, 2025
  • Will your job survive Trump’s Gen AI revolution?

    January 3, 2025
  • Ford and Mazda issue do-not-drive warnings for 457,000 vehicles with Takata airbags

    August 13, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,433)
  • Investing (593)
  • Stock (735)

Latest Posts

  • Where Zelenskyy is headed following tense White House exchange with Trump, Vance

    February 28, 2025
  • OpenAI announces a search engine called SearchGPT; Alphabet shares dip

    July 26, 2024
  • OpenAI embraces for-profit model to chase AI dreams

    December 27, 2024

Recent Posts

  • Israel continues to strike Gaza, killing dozens of Palestinians days after ceasefire ends

    March 20, 2025
  • CIA being restructured to eliminate ‘well-documented politicization’: Ratcliffe

    April 30, 2025
  • House GOP leaders demand accountability on Trump assassination attempt: ‘So many questions’

    July 18, 2024

Editor’s Pick

  • 100 days of injunctions, trials and ‘Teflon Don’: Trump second term meets its biggest tests in court

    April 29, 2025
  • Euro Index and Yen: The Yen stopped its bullish run

    July 25, 2024
  • Trump admin cheers ‘important steps’ as Paraguay targets Iran and its terror proxies

    April 25, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock