• 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

  • Trump ends feud with swing-state governor he slammed as ‘disloyal’

    August 23, 2024
  • Handful of Republicans sink Trump’s ‘big, beautiful bill’ in key House committee

    May 16, 2025
  • ApeCoin and Akita Inu: ApeCoin continues its bullish trend

    July 18, 2024
  • Trump unveils ‘Golden Dome’ missile shield, blindsides key senators

    May 21, 2025
  • Inflation picks up again in June as tariffs slowly work their way through U.S. economy

    July 16, 2025

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

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

    July 19, 2024
  • 3

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

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,785)
  • Investing (634)
  • Stock (893)

Latest Posts

  • Long CMA: Comerica Rebounds from 5-Year VPOC with Strong Earnings, Eyeing Impulse Move Midpoint Retest

    July 22, 2024
  • Trump says ‘I don’t care when you vote’ in new House GOP ad urging voters to turn out early

    October 15, 2024
  • Trump Health Secretary nominee RFK Jr clears Senate Finance Committee confirmation vote

    February 4, 2025

Recent Posts

  • SCOOP: Dept of Energy says it saved $700M in Trump’s first 100 days by cutting ‘wasteful’ programs

    April 28, 2025
  • Taiwan ramps up coast guard and military readiness in face of Beijing’s ‘gray zone’ warfare

    June 12, 2025
  • Bitwise seeks approval for ETF tracking companies holding over 1,000 BTC

    December 27, 2024

Editor’s Pick

  • Pro-life movement confronts high abortion rates three years after Dobbs

    June 22, 2025
  • Special counsel Jack Smith appeals dismissal of Trump Mar-a-Lago case

    August 26, 2024
  • Wall Street bleeds more in Monday’s final trading hours, S&P 500 down 3.3%

    August 6, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

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