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

EURAUD and EURNZD: EURAUD pulled back to level a support

by August 6, 2024
written by August 6, 2024

EURAUD and EURNZD: EURAUD pulled back to level a support

On Monday, the EURAUD jumped to a new August high of 1.71862. 
EURNZD formed a new high yesterday at the 1.86510 level. 

EURAUD analysis chart

On Monday, the EURAUD jumped to a new August high of 1.71862. After that, the pair loses momentum and begins to retreat. During this morning’s Asian trading session, the retreat continued to the 1.67585 level. We get support at this level and start a new bullish consolidation. We have the support of the EMA 50 moving average and hope for further progress to the bullish side.

Potential higher targets are 1.69000 and 1.69500 ​​levels. For a bearish option, we need a negative consolidation and a move down below the 1.67500 level. We are gradually falling below the weekly open price to the negative side. This will strengthen the bearish momentum, and we can expect to see a new weekly low formation. Potential lower targets are 1.67000 and 1.66500 levels. Great support awaits us in the EMA 200 moving average at 1.66500.

 

EURNZD chart analysis

EURNZD formed a new high yesterday at the 1.86510 level. After that, we saw a stop in the bullish trend and a return down to 1.85000. During this morning’s Asian trading session, the pair retreated to 1.83000, testing that weekly open price. With the new support, a new recovery to the daily high of 1.85000 was initiated. This level again represents an obstacle for us, and the pair starts a new retreat. We are now at 184200 and under slight pressure to continue the pullback.

Potential lower targets are 1.83500 and 1.83000 levels. For a bullish option, we need a positive consolidation above today’s high. If we succeed in this, the space opens to return to the bullish side. Potential higher targets are 1.85500 and 1.86000 levels.

 

The post EURAUD and EURNZD: EURAUD pulled back to level a support appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
ChatGPT for Trading: Tips & Tricks
next post
Nifty and German 40 are under pressure, falling to new lows

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

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

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 takes jab at former GOP rival before praising her involvement with campaign: ‘Helping us already’

    October 18, 2024
  • Republicans 2 seats away from House majority, giving Trump leeway to implement agenda

    November 13, 2024
  • Kamala Harris takes veiled jabs at Trump, Elon Musk in 1st major speech since election defeat

    February 24, 2025
  • John Bolton compares Kash Patel to Stalin’s right-hand man after Trump’s FBI nomination

    December 1, 2024
  • Back on the trail: Top Biden surrogate Newsom now campaigning for Harris

    September 10, 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 (4,718)
  • Investing (624)
  • Stock (772)

Latest Posts

  • Trump campaign says it’s ‘well-positioned to prosecute the case’ against Kamala Harris

    July 24, 2024
  • Two trans inmates ordered back to women’s prisons in Reagan-appointed judge’s injunction

    March 28, 2025
  • Lawmakers ask Mark Zuckerberg to show how Facebook, Instagram are addressing illicit drug ads

    August 16, 2024

Recent Posts

  • AOC launches series of explosive Instagram rants on eve of inauguration: ‘I don’t celebrate rapists’

    January 20, 2025
  • Israel to strike Lebanon targeting Hezbollah financial assets

    October 20, 2024
  • Home Depot stock: Why analysts are bullish despite Q2 guidance and what’s next for investors

    August 14, 2024

Editor’s Pick

  • Long CRM: riding the bullish momentum with strong breakout, AI innovations, and record margins

    December 4, 2024
  • Trump team signs memorandum of understanding with Biden White House to formalize transition

    November 26, 2024
  • June home sales slump as median sales price rises to $426,900

    July 24, 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