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

EURGBP and EURCHF: EURGBP has fallen to a two-year low

by July 15, 2024
written by July 15, 2024

EURGBP and EURCHF: EURGBP has fallen to a two-year low

At the very opening of the market last night, EURGBP fell to the 0.83869 level, forming a new two-year low.
During this morning’s Asian trading session, EURCHF rose to 0.97682, forming a new July high there.

EURGBP chart analysis

At the very opening of the market last night, EURGBP fell to the 0.83869 level, forming a new two-year low. After that, we see a consolidation at that level and a recovery to the 0.84100 level. Here, we encounter new resistance while additional pressure is exerted by the EMA 50 moving average. We are now turning to the bearish side again, and a bearish consolidation could be initiated. The pair could again find itself below 0.83950 and put pressure on the previous low.

Potential lower targets are the 0.83850 and 0.83800 levels. For a bullish option, we need a positive consolidation and a jump above the EMA 50 moving average and the 0.84100 level. With that step, we go to a new daily high and confirm the bullish momentum. Potential higher targets are the 0.84150 and 0.84200 levels.

 

EURCHF chart analysis

During this morning’s Asian trading session, EURCHF rose to 0.97682, forming a new July high there. After that, the pair makes a pullback at 0.97400 and gets that support. A new bullish consolidation was initiated back to the 0.97550 level from there. With this, we are back above the weekly open price. We are now on the positive side again and hope to see further growth and test the transitional high. Potential higher targets are 0.97600 and 0.97700 levels.

For a bearish option, we need a new negative consolidation and pullback to the 0.97400 level. This brings us back below the EMA 50 moving average, increasing the bearish pressure and causing the EURCHF to continue its retreat. Potential lower targets are the 0.97350 and 0.97300 levels.

 

The post EURGBP and EURCHF: EURGBP has fallen to a two-year low appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
The Euro index is increasing and the Yen index is stagnating
next post
Trading Economics: The True Risks and Rewards

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

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

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

  • Morning Glory: Why I Am Voting For Trump 

    September 19, 2024
  • Russia shifts from talk to action, targeting NATO homeland amid fears of global war

    September 21, 2025
  • Trump’s Art of the Deal turns around an unwinnable war against Ukraine

    February 26, 2025
  • One-third of UK adults now use mobile contactless payments

    July 24, 2024
  • Pressured by Trump’s Gaza plan, Arab countries meet in Egypt to discuss alternative proposal

    March 4, 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 (6,247)
  • Investing (634)
  • Stock (935)

Latest Posts

  • Bondi spars with Schiff at testy confirmation hearing: ‘You were censured’

    January 16, 2025
  • Billionaire Frank McCourt’s Project Liberty offers to acquire TikTok’s US assets

    January 9, 2025
  • Harris defends policy flip-flops in preview of first interview since ascending ticket

    August 29, 2024

Recent Posts

  • Nikki Haley responds after Trump says she won’t be part of new cabinet, says she wishes him ‘great success’

    November 10, 2024
  • Biden set to tighten Nvidia AI chip exports to maintain US AI dominance

    January 9, 2025
  • Harris campaign silent on House bill banning contracts with ‘Chinese military company’ amid Walz ties

    September 12, 2024

Editor’s Pick

  • Trumps takes jab at Biden over ‘autopen signature’ following concerning report over who ran the White House

    March 17, 2025
  • Here are the Democrats who may eventually run for president in 2028

    November 11, 2024
  • Senate GOP blows through 2nd hurdle of the night, teeing up Trump’s clawback bill for hourslong debate

    July 16, 2025
  • 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