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

The euro index is under pressure; the yen is holding steady

by July 29, 2024
written by July 29, 2024

The euro index is under pressure; the yen is holding steady

During this morning’s Asian trading session, the Euro index was in a bearish trend. 
During this morning’s Asian trading session, the yen index moved in the 727.0-730.0 range. 

Euro index chart analysis

During this morning’s Asian trading session, the Euro index was in a bearish trend. At the beginning of the EU session, it was expected that the euro would gain strength, but it did not happen. The index’s pullback continued until the 1046.0 level. We are close to last week’s low, and if the current movement continues, we could soon visit that level. Potential lower targets are the 1045.0 and 1044.0 levels.

For a bullish option, the index would have to stabilize at the 1046.0 level. After that, we can expect the initiation of bullish consolidation. By moving above 1047.0, the index would make the first move toward further recovery. Potential higher targets are 1048.0 and 1049.0 levels. The EMA 200 moving average is a step higher at the 1050.0 level.

 

Yen index chart analysis

During this morning’s Asian trading session, the yen index moved in the 727.0-730.0 range. The index successfully maintained above the weekly open price with the support of the EMA 50 moving average. Based on those parameters, we expect to see a break above the previous range and continue on the bullish side. Potential higher targets are 732.0 and 734.0 levels.

If the yen index were to pull back below the weekly open price of 727.0, a bearish option could be on the horizon. This scenario would see the index fall below the EMA 50 moving average, potentially increasing the pressure on the yen. After forming a new daily low, the index would be forced to continue on the bearish side and look for new support. Potential lower targets are 724.0 and 722.0 levels. 722.0 is Friday’s low and could be a key point for continuing the trend. 

 

The post The euro index is under pressure; the yen is holding steady appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Dollar index ahead of Fed challenge and NFP report
next post
EURGBP and EURCHF: EURCHF falls under pressure to daily low

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

  • As REAL ID rollout approaches, congressional privacy hawks largely silent on concerns

    April 22, 2025
  • New whistleblower claims on first Trump assassination attempt ‘highly damaging’ to Secret Service: Hawley

    September 16, 2024
  • Israeli official praises Stefanik as UN pick, says her ‘moral clarity’ will combat body’s ‘hate and lies’

    November 11, 2024
  • ApeCoin and Akita Inu: ApeCoin drops to a new low on Monday

    October 1, 2024
  • Delta cancels hundreds more flights as its recovery from global CrowdStrike-Microsoft outage lags

    July 22, 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 (4,723)
  • Investing (624)
  • Stock (773)

Latest Posts

  • Stellar under pressure since Saturday drops to a new low

    August 27, 2024
  • Reserve Bank of India Holds Rates Steady

    August 8, 2024
  • Altcoin update: HBAR and Worldcoin turn bullish as Bitcoin holds above $100K

    January 7, 2025

Recent Posts

  • India’s Bharti Enterprises buys 24.5% stake in UK’s BT Group from Altice

    August 12, 2024
  • Trump to subject all contracts, grants through rigorous standards with DOGE executive order

    February 27, 2025
  • Rahm Emanuel mulling bid to steer DNC in wake of disastrous election night for Dems

    November 15, 2024

Editor’s Pick

  • Trump warns Iran faces ‘violence like people haven’t seen before’ if nuclear deal fails

    May 15, 2025
  • EXCLUSIVE: GOP moves to defund ‘chronically biased’ NPR, PBS after disastrous hearing

    March 27, 2025
  • Trump’s WLFI $336M crypto holdings spark concerns ahead of White House summit

    March 6, 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