• 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

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 pulls his nomination for DC US attorney, says he’ll reveal new pick soon

    May 8, 2025
  • Former Republican US senator endorses Kamala Harris, says election offers ‘stark choice’

    September 27, 2024
  • Hamas names Yahya Sinwar, mastermind of Oct 7 attacks, as its new leader after Haniyeh assassination

    August 7, 2024
  • Musk has ‘no business’ in Pentagon, Dems say amid report he’d get top secret China briefing

    March 21, 2025
  • Trump invites El Salvador’s Bukele to White House for ‘working visit’

    April 3, 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

    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 (5,003)
  • Investing (634)
  • Stock (809)

Latest Posts

  • The history of Gaza amid Trump’s plan to rebuild enclave

    February 5, 2025
  • Indonesia’s smartphone market: a new player enters as Apple faces domestic hurdles

    January 7, 2025
  • Biden targeted in GOP resolution condemning ‘garbage’ remark about Trump supporters

    October 31, 2024

Recent Posts

  • EURGBP and EURCHF: EURGBP fails to gain new support

    August 26, 2024
  • Citigroup’s Q2 2024 results: Revenue and net income surge despite regulatory challenges

    July 12, 2024
  • Elon Musk, Tesla, Warner Bros. Discovery sued over alleged ‘Blade Runner 2049’ AI ripoff for Cybercab promotion

    October 22, 2024

Editor’s Pick

  • Nvidia Stock Tumbles on Earnings Anticipation and AI Rivalry

    March 20, 2025
  • Mike Johnson punts House vote on Trump tax agenda after GOP rebellion threatened defeat

    April 10, 2025
  • Trump Cabinet official vows major food stamp reforms that will help hungry children

    April 29, 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