• 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

  • Harris slammed as ‘CopyCatKamala’ for following Trump’s lead on exempting taxes on tips

    August 11, 2024
  • Putin ‘promises’ to ask Assad for help in finding Austin Tice following letter from mother

    December 19, 2024
  • DAVID MARCUS: Harris and Walz’s bizarre skit exposes double standard on race

    August 17, 2024
  • Albertsons sues Kroger after judge rules against grocery merger

    December 11, 2024
  • Heritage chief mum on House Dems’ demand for a meeting as left digs in on Project 2025

    August 8, 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 (4,433)
  • Investing (593)
  • Stock (735)

Latest Posts

  • Trump tariffs could prove to be a menace for homebuyers: here’s why

    March 6, 2025
  • SCOOP: House to hold hearings next week on ‘activist judges’ blocking Trump agenda

    March 24, 2025
  • S&P 500, Nasdaq slip as NVIDIA underperforms; Tesla shares and crypto stocks jump

    March 3, 2025

Recent Posts

  • Home Depot co-founder Bernie Marcus dies

    November 6, 2024
  • Trump pressures 4 GOP senators ahead of anti-Canadian tariff vote, accusing them of ‘TDS’

    April 2, 2025
  • Ford to spend $3 billion to expand large truck production to a plant previously set for EVs

    July 18, 2024

Editor’s Pick

  • SCOOP: Biden-era grant program described as ‘gold bar’ scheme by Trump EPA administrator under scrutiny

    April 11, 2025
  • Tulsi Gabbard thanks Trump for ‘unwavering leadership’ in Oval Office clash with Zelenskyy

    March 1, 2025
  • Even if Biden drops out, his record stains any Dem replacing him: MTG

    July 19, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

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