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

EURGBP and EURCHF: EURCHF is going lower and lower

by August 1, 2024
written by August 1, 2024

EURGBP and EURCHF: EURCHF is going lower and lower

During this morning’s Asian trading session, EURGBP managed to gain support at the 0.84200 level. 
On Wednesday, EURCHF broke through last week’s low, thus lowering this pair to a new lower low. 

EURGBP chart analysis

During this morning’s Asian trading session, EURGBP managed to gain support at the 0.84200 level. After that, we saw the start of a bullish consolidation that took us up to the 0.84588 level. Here, we were very close to testing this week’s high of 0.84606, which formed on Monday. The pair has successfully stabilized above the weekly open price and we expect further continuation to the bullish side.

Potential higher targets are 0.84600 and 0.84650 levels. For a bearish option, we need a negative consolidation of EURGBP back to the 0.84350 level. With that, we move below the weekly open price to the negative side. After that, we expect to see a further pullback towards the moving averages. Potential lower targets are 0.84300 and 0.84250 levels.

 

EURCHF chart analysis

On Wednesday, EURCHF broke through last week’s low, thus lowering this pair to a new lower low. During this morning’s Asian trading session, we saw a continuation of the previous bearish consolidation and a pullback to a new low at 0.94422. We currently have support at that level, and the pair has recovered slightly to 0.94656. This brief bullish consolidation could trigger a larger recovery and move us further away from this support zone.

Potential higher targets are 0.94800 and 0.95000 levels. There, we return to the daily open price and within reach of the EMA 50 moving average. For a bearish option, we need to retest the previous low. EURCHF’s failure to sustain at that level will push it down to a new weekly low. Potential lower targets are 0.94200 and 0.94000 levels.

 

The post EURGBP and EURCHF: EURCHF is going lower and lower appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Israel says it killed top Hamas military commander Mohammad Deif
next post
The Euro index continues to fall, Yen looks for support

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 attorney Alina Habba not considering press secretary role

    November 14, 2024
  • Judges delay Jan. 6 trials ahead of Trump inauguration

    November 15, 2024
  • Karine Jean-Pierre reveals mom’s cancer diagnosis — and why she kept it secret

    January 23, 2025
  • With 5 days until voting starts, ‘election season’ kicks off sooner than you think

    September 1, 2024
  • Who could run to replace Stefanik in the House?

    November 12, 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 (4,735)
  • Investing (624)
  • Stock (775)

Latest Posts

  • Bitcoin and Ethereum: Bitcoin increasingly safe above

    September 27, 2024
  • Apache tribe takes fight with feds over sacred land to Supreme Court

    September 16, 2024
  • Bitcoin hits $76K, Dogecoin dips: Crypto prices surge on Trump victory

    November 7, 2024

Recent Posts

  • DAVID MARCUS: Disband the White House Correspondents’ Association

    April 28, 2025
  • Judge denies Democrat-led effort to block DOGE access, citing lack of proven harm

    February 18, 2025
  • Disney tries to silence grieving husband and learns not all news is good news

    August 26, 2024

Editor’s Pick

  • Germany poised to get new conservative chancellor Friedrich Merz

    April 30, 2025
  • Volkswagen braces for showdown with unions after warning of possible German plant closures

    September 4, 2024
  • Ethereum has successfully returned to a bullish trend

    August 14, 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