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

EURUSD and GBPUSD: GBPUSD rises to a new high for the year

by July 15, 2024
written by July 15, 2024

EURUSD and GBPUSD: GBPUSD rises to a new high for the year

On Friday evening, EURUSD rose to 1.09114 level.
On Friday evening, GBPUSD rose to 1.29884 level.

EURUSD chart analysis

On Friday evening, EURUSD rose to 1.09114 level. We saw a bearish gap from that level to 1.08850 at the market opening last night. During this morning’s Asian session, the pair recovered slightly to 1.08960. There, we encounter resistance and turn to the bearish side again. The Euro is now at 1.08880, and we expect to test this morning’s support level soon. It is possible for the EURUSD to break below and form a new daily low.

At 1.08770, we will test the EMA 50 moving average support. Last week, the pair had his support. This time, we could see a breakout below and a drop to a new low. Potential lower targets are 1.087000 and 1.08600 levels. We need a break above today’s high at 1.08960 for a bullish option. That could trigger a bullish consolidation that would close this morning’s gap. The pair would return above the 1.09000 level. This brings us closer to last week’s high, and we will have the opportunity to climb to a new one. Potential higher targets are 1.09100 and 1.09200 levels.

 

GBPUSD chart analysis

On Friday evening, GBPUSD rose to 1.29884 level. A new 12-month high was formed there. At last night’s market opening, we saw a small bearish gap and a pullback to the 1.29600 level. The pair is under pressure to initiate a bearish consolidation if it does not close this gap and return above the weekly open price. A step down to 1.29400 takes us to a new daily low. There, we will test the EMA 50 moving average. If even that support is not enough, GBPUSD will have to start a further retreat.

Potential lower targets are 1.29200 and 1.29000 levels. EMA 200 moving average is in the zone of 1.28400 levels. By returning above the weekly open price, the pound would return to the positive side. This is where we would test last week’s high. Potential higher targets are 1.30000 and 1.30200 levels.

 

The post EURUSD and GBPUSD: GBPUSD rises to a new high for the year appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Oil and natural gas: Gas drops to $2.25 this morning
next post
Gold and silver: the price of gold successfully tested $2400

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

  • Dem lawmaker reintroduces death row appeals bill allowing for introduction of newly discovered evidence

    October 10, 2024
  • Entrepreneur Retirement Guide: Self-Employed Strategies

    August 6, 2024
  • DOJ releases Special Counsel Jack Smith’s report on investigation into Trump election interference case

    January 14, 2025
  • Vance, Walz spar on immigration during VP debate: Been to the border ‘more than our border czar’

    October 2, 2024
  • DAVID MARCUS: Kamala Harris’ newest vibe is fading momentum

    September 2, 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 (4,720)
  • Investing (624)
  • Stock (772)

Latest Posts

  • Russian government says it is willing to improve ties—but onus is on Trump to make first move

    December 27, 2024
  • DAVID MARCUS: At 50, SNL should drop the woke, get back to the joke

    February 15, 2025
  • Treasury Department recoups $31 million in improper government payments to dead people

    January 17, 2025

Recent Posts

  • Biden vows Secret Service will provide Trump with ‘every resource’ to ensure ‘continued safety’

    July 15, 2024
  • Can Starbucks fix long lines at its airport cafes?

    November 25, 2024
  • Lucid CEO steps down; EV maker plans to more than double production in 2025

    February 27, 2025

Editor’s Pick

  • New Secret Service chief grilled on ‘pattern of negligence’ within agency after Trump assassination attempt

    July 30, 2024
  • Trump admin to pause financial assistance programs: report

    January 28, 2025
  • Robert F. Kennedy, Jr. to endorse Trump for president, court filing shows

    August 23, 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