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

EURUSD and GBPUSD: Pound tries to release pressure at 1.2800

by August 5, 2024
written by August 5, 2024

EURUSD and GBPUSD: Pound tries to release pressure at 1.2800

On Friday, EURUSD initiated a strong bullish consolidation and climbed to 1.09200, forming a two-week high at that level.
During this morning’s Asian trading session, GBPUSD fell once again to the 1.27000 level. 

EURUSD chart analysis

On Friday, EURUSD initiated a strong bullish consolidation and climbed to 1.09200, forming a two-week high at that level. During this morning’s Asian trading session, the pair moved in the 1.09000-1.09400 range. With the loss of the EU session, the euro gained strength and broke above last week’s high. A new daily high was formed at the 1.09670 level, a five-month high. The dollar is under pressure due to the situation in the Middle East, which the euro skillfully uses.

Potential higher targets are 1.09800 and 1.10000 levels. For a bearish option, the EURUSD must pull back the unit of the previous movement zone. After that, we expect pressure on the 1.09000 level, which could produce another bearish impulse and drop to a new daily low. Potential lower targets are 1.08800 and 1.08600 levels.

 

GBPUSD chart analysis

During this morning’s Asian trading session, GBPUSD fell once again to the 1.27000 level. We quickly got support down there, after which the pair recovered to 1.28000. Here, we will try to test the weekly open price. If we remain under pressure and do not move above, we can expect further pullback and the initiation of bearish consolidation. A new visit to 1.27000 would put the pound under more pressure to continue retreating.

Potential lower targets are the 1.26800 and 1.26600 levels. For a bullish option, we need a positive consolidation and stabilization of GBPUSD above the 1.28000 level. Thus, we return above the weekly open price, and we could expect to start a further recovery on the bullish side. Potential higher targets are the 1.28200 and 1.28400 levels. It will be interesting to see how the pair behaves in the zone around the EMA 200 moving average.

 

The post EURUSD and GBPUSD: Pound tries to release pressure at 1.2800 appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Biden to meet with national security team ahead of anticipated Iranian attack against Israel
next post
Render Crypto: Bridging GPUs and Creativity

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

  • Federal department cafeteria empty for years under Biden: source

    February 21, 2025
  • Former security guard at US Embassy overseas is convicted of spying for Russia and Iran

    October 16, 2025
  • State Department to axe 1,800 employees

    July 11, 2025
  • EURAUD and EURNZD: The euro continues to slide lower

    August 20, 2024
  • DOGE slashes billions more in expenses for programs like Peruvian climate change and gender equity in Mexico

    March 27, 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

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,447)
  • Investing (634)
  • Stock (940)

Latest Posts

  • Iran threatens to hit US bases in the Middle East: What is the threat level?

    June 13, 2025
  • Trump leaves China guessing what his next move is with unusual inauguration invitation

    December 15, 2024
  • British monarchy’s Crown Estate profits hit record £1.1 billion amid booming offshore wind sector

    July 24, 2024

Recent Posts

  • Israel kills Hamas commander who led heinous Oct. 7 attack on Kibbutz Nir Oz killed in drone attack: IDF

    January 1, 2025
  • ‘Scream night’: Climate activists repeatedly disrupt DNC leadership meeting

    January 31, 2025
  • Short PHM: Stock Hits Historic High at $130, Rejection Day Sets Midpoint as Short-Term Target

    July 19, 2024

Editor’s Pick

  • Iran-linked hackers threaten to release new trove of emails stolen from Trump’s inner circle after strikes

    July 1, 2025
  • Jewish-American group urges US citizens in Israel to vote as absentee ballots can impact swing states

    October 22, 2024
  • Google employees pressure costumed execs at all-hands meeting for clarity on cost cuts

    November 1, 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