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

EURUSD and GBPUSD: The pound falls to a new weekly low

by July 26, 2024
written by July 26, 2024

EURUSD and GBPUSD: The pound falls to a new weekly low

In the second part of this week, EURUSD mostly moved in the 1.08300-1.08600 range. 
On Thursday, GBPUSD retreated to a new weekly low at 1.28498. 

EURUSD chart analysis

In the second part of this week, EURUSD mostly moved in the 1.08300-1.08600 range. During this morning’s Asian trading session, the pair tested the upper level of the range but did not have the strength to move above it. After that, we saw a pullback to the 1.08500 level, where we are now. Since Wednesday, the pair has been in a mild bullish trend with the formation of a higher low. This indicates that we could see further recovery if this trend continues.

Potential higher targets are the 1.08700 and 1.08800 levels. For a bearish option, we need a negative consolidation and a drop below 1.08400, this morning’s low. EURUSD would then be under more pressure as it would move to the negative side. After that, we will again try to test the support zone around 1.08300. Potential lower targets are the 1.08200 and 1.08100 levels.

 

GBPUSD chart analysis

On Thursday, GBPUSD retreated to a new weekly low at 1.28498. During this morning’s Asian trading session, the pair tried to start a recovery but was stopped at the 1.28700 level. The pound is now under pressure again and could initiate another pullback to last night’s low. The pair could very easily fall below and form a new lower low.

Potential lower targets are the 1.28400 and 1.28300 levels. For a bullish option, GBPUSD would have to stabilize above the 1.28700 level. After that, we can expect the initiation of further bullish consolidation up to 1.28800 and the EMA 50 moving average. If we get that support, it could strengthen the bullish momentum. Potential higher targets are the 1.28900 and 1.29000 levels.

 

The post EURUSD and GBPUSD: The pound falls to a new weekly low appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Harris edges closer to Trump in new poll conducted after Biden’s withdrawal
next post
Gold and Silver: Gold is starting a new recovery from 2370$

related articles

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Oil Prices Rebound After Trump’s Criticism of Powell

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

  • Huckabee hits back at Western countries that ‘side’ with terror group Hamas

    July 22, 2025
  • Trump nominates Mike Huckabee for US ambassador to Israel

    November 12, 2024
  • Elon Musk blasts Tim Walz after Democrat trains fire on the Trump-backing tycoon

    October 23, 2024
  • SCOOP: House GOP memo highlights Republican wins in Trump’s ‘big, beautiful bill’

    May 23, 2025
  • SCOOP: Jim Jordan joining Trump at NCAA men’s wrestling championships

    March 21, 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

  • Canada stares down consequences of Trump tariff war: Job losses, grocery price hikes, possible recession

    April 2, 2025
  • Kamala Harris praises Biden’s legacy in first remarks since announcing 2024 bid

    July 22, 2024
  • LIZ PEEK: Trump must stay strong, US reliance on Chinese minerals and drugs puts Americans at risk

    June 3, 2025

Recent Posts

  • Dems eye possible Trump investigations if they win House majority

    September 25, 2024
  • Why ON Semiconductor is a strong buy despite recent market challenges

    November 7, 2024
  • Meet the young team of software engineers slashing government waste at DOGE: report

    February 5, 2025

Editor’s Pick

  • House Dems push Garland to drop charges, release second part of Jack Smith report

    January 16, 2025
  • Rare Michael Jordan, Kobe Bryant rookie jerseys expected to sell for $20 million at auction

    March 7, 2025
  • 5-figure ad buy urges states to crack down as China floods market with illicit vapes: ‘Trump was right’

    February 10, 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