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

Euro Index and Yen: The Yen stopped its bullish run

by July 25, 2024
written by July 25, 2024

Euro Index and Yen: The Yen stopped its bullish run

At the beginning of this morning’s EU session, the euro index retreated to 1045.2, forming a new weekly low.
This week’s high of the yen index was formed at the 736.2 level. 

Euro index chart analysis

At the beginning of this morning’s EU session, the euro index retreated to 1045.2, forming a new weekly low. After a brief consolidation, we saw the start of a recovery. The index climbed to 1048.5 and is testing the EMA 50 moving average here. We expect the current bullish consolidation and growth to continue to a new daily high. Potential higher targets are 1049.0 and 1050.0 levels.

An additional obstacle for the Euro index is the EMA 200 moving average in the zone of 1051.0. For a bearish option, we need a negative consolidation and pullback below 1047.0, the daily open price. This pulls us back to the downside, and we will be under pressure to visit the previous support zone. Potential lower targets are the 1045.0 and 1044.0 levels.

 

Yen index chart analysis

This week’s high of the yen index was formed at the 736.2 level. After a short consolidation, momentum weakens, forcing the index to turn to the bearish side. We are now at 727.0 and close to testing the daily open price. Additional support in this zone is the EMA 50 moving average. The inability to maintain at this level will force us to retreat further and search for a new level of support.

Potential lower targets are 724.0 and 722.0 levels. For a bullish option, we need to stabilize at the current level and stop further decline. The yen index would then have to start a new positive consolidation and recovery. Potential higher targets are 728.0 and 730.0 levels.

 

The post Euro Index and Yen: The Yen stopped its bullish run appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
EURGBP and EURCHF: EURCHF is sinking deeper and deeper
next post
AI Shares Drop: US and Asian Markets at a Decline

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

  • Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion

    May 20, 2025
  • Trump not planning to fire Waltz after national security text chain leak

    March 25, 2025
  • Biden blocks Japan’s Nippon Steel from $15 billion takeover of U.S. Steel

    January 6, 2025
  • McDonald’s is the latest company to roll back diversity goals

    January 7, 2025
  • Nvidia says Anthropic is telling ‘tall tale’ in its defense of U.S. AI chip restrictions on China

    May 2, 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 (6,065)
  • Investing (634)
  • Stock (927)

Latest Posts

  • The price of natural gas is rising ahead of the coming storm

    September 11, 2024
  • Biden hunkers down in White House with no public events on schedule again

    August 7, 2024
  • Trump expected to ‘soon’ appoint a Ukrainian peace envoy after promises of negotiating end to war with Russia

    November 13, 2024

Recent Posts

  • Federal climate website goes dark as Trump administration promises policy reset

    July 2, 2025
  • DOJ argues Trump may cancel Biden-era national monuments

    June 11, 2025
  • Jim Jordan subpoenas company led by daughter of NY v Trump judge

    August 28, 2024

Editor’s Pick

  • This candidate’s path to 270 electoral votes looking more and more promising

    October 24, 2024
  • Trump and Putin’s relationship turns sour as president pushes for resolution with Ukraine

    August 8, 2025
  • CrowdStrike says it isn’t to blame for Delta’s flight cancellations after July outage

    August 5, 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