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

The euro index recovers while the yen hits a new high

by August 5, 2024
written by August 5, 2024

The euro index recovers while the yen hits a new high

The Euro index’s movement since the market’s opening last night was very volatile in the Asian session. 
Global instability, especially in the Middle East, caused the yen index to jump to 794.1 this morning. 

Euro index chart analysis

The Euro index’s movement since the market’s opening last night was very volatile in the Asian session. We first saw a pullback to support at 1039.0. After that, the index began to strengthen in the EU session, which initiated the recovery to 1047.0 levels. We crossed the 200 EMA at 1044.5 and now have its support. We expect today’s bullish consolidation to continue and the euro index to rise to new higher levels.

Potential higher targets are 1048.0 and 1049.0 levels. For a bearish option, we need first to stop further growth and initiate a bearish consolidation. A pullback below the EMA 200 is a true indicator that we will see a continuation to the bearish side. Potential lower targets are 1043.0 and 1042.0 levels. Additional support for the Euro index is the EMA 50 moving average in the zone of 1042.0.

 

Yen index chart analysis

Global instability, especially in the Middle East, caused the yen index to jump to 794.1 this morning. The index stopped at the beginning of the EU session, and we saw a retreat to the 785.0 level. The previous bullish momentum has waned considerably, and the yen is now under pressure to initiate a pullback. The next important level is 755.0 because if we slide below, we will form a new low and thus confirm that the index is in trouble to stay on the bullish side.

Potential lower targets are 770.0 and 765.0 levels. For a bullish option, we need to move back above the 790.0 level. Thus, the yen index would return to a bullish trend and be within reach of the previous high. With the impulse above, we will form a new one and confirm the continuation to the bullish side. Potential higher targets are 795.0 and 800.0 levels.

 

The post The euro index recovers while the yen hits a new high appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Nikkei 225 experiences historic plunge, Topix swoops amidst global recession fears
next post
Asian Stocks Plunge Amid Global and US Recession Fears

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

  • Celebrities have ‘incredibly powerful’ ability to influence election: Harvard study

    August 15, 2024
  • Nifty and German 40: Nifty rises unstoppably to new high

    July 18, 2024
  • ESPN hopes to reach more casual sports fans with Disney+ integration

    December 5, 2024
  • Trump pardons nearly all Jan. 6 defendants on inauguration day

    January 21, 2025
  • UN watchdog warns time to ‘maneuver’ on Iran’s nuclear program is shrinking: report

    November 14, 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

  • Trump delivers different message on Gaza when recapping call with Netanyahu

    April 26, 2025
  • Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

    August 29, 2024
  • Ripple and Tron: Ripple faces new resistance on Thursday

    September 12, 2024

Recent Posts

  • Elon Musk tapped to help lead investigation into Signal chat leak: White House

    March 26, 2025
  • Netflix says its ad tier now has 94 million monthly active users

    May 15, 2025
  • Musk calls Trump’s trade adviser Navarro ‘truly a moron’ and ‘dumber than a sack of bricks’ over tariff row

    April 9, 2025

Editor’s Pick

  • Trump administration could lead to budget cuts, leadership shakeup at UN

    November 8, 2024
  • Donald Trump Jr. has ‘ZERO interest’ in a 2028 run, but isn’t ruling out possibility of a political future

    May 21, 2025
  • Solana and Cardano: Solana is waiting for a new impulse

    July 18, 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