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

EURGBP and EURCHF: EURGBP climbs to a new weekly high

by August 8, 2024
written by August 8, 2024

EURGBP and EURCHF: EURGBP climbs to a new weekly high

During this morning’s Asian trading session, EURGBP climbed to a new weekly high of 0.86250. 
EURCHF rose to the 0.94700 level on Wednesday, forming a new weekly high. 

EURGBP chart analysis

During this morning’s Asian trading session, EURGBP climbed to a new weekly high of 0.86250. We currently have resistance at that level, making a pullback to the 0.86050 level. The price is now putting pressure on the daily open price, which could result in a break below to a new daily low. Additional support in that zone is the EMA 50 moving average. Failure to hold above will reinforce bearish momentum and trigger a stronger pullback.

Potential lower targets are 0.85800 and 0.85600 levels. The EMA 200 moving average is in the 0.85300 zone. For a bullish option, we need a positive consolidation and a return back to the 0.86200 level. We will retest the daily high there. Potential higher targets are 0.86400 and 0.86600.

 

EURCHF chart analysis

EURCHF rose to the 0.94700 level on Wednesday, forming a new weekly high. After its formation, the pair loses momentum and begins to pull back below the EMA 200 moving average. During this morning’s Asian trading session, the movement took place in the 0.93800-0.94150 range. In the EU session, there is a bearish impulse and a pullback to the 0.93600 weekly open price. For now, we are holding above, but we are still under bearish pressure.

We need a break above the EMA 50 moving average to release the pressure and initiate a new bullish consolidation. If we succeed in this, EURCHF could again test the 0.94500 level and the EMA 200 moving average. With the new support of the moving average, the chances of recovery to the bullish side increase. Potential higher targets are 0.94800 and 0.95000 levels.

 

The post EURGBP and EURCHF: EURGBP climbs to a new weekly high appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
With 29 days until voting starts, ‘election season’ kicks off sooner than you think
next post
The Euro index is losing momentum and retreating today

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

Kraken Rolls Out Commission-Free Stock Trading

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

  • Not Minnesota nice: GOP congressman playing Tim Walz in debate prep with JD Vance argues he’s an ’empty suit’

    September 26, 2024
  • Warring GOP factions strike deal to raise threshold to oust a House speaker

    November 14, 2024
  • Ukraine regaining pre-2014 borders is ‘unrealistic objective,’ Hegseth says in first NATO visit

    February 12, 2025
  • Asia markets close: Nikkei rallies, China slips despite strong exports; investors await US-Beijing dialogue

    May 9, 2025
  • Best crypto to buy now: Bitcoin Pepe leads meme coin frenzy

    May 19, 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

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

    December 4, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,323)
  • Investing (634)
  • Stock (841)

Latest Posts

  • Trump warns Israel strike on Iran ‘could happen’ amid Middle East evacuation, nuclear negotiations

    June 12, 2025
  • Colorado terror attack adds to alarming rise in US domestic terrorism

    June 2, 2025
  • Top 5 moments from only VP debate between Vance and Walz before election

    October 2, 2024

Recent Posts

  • Biden speaks out for first time since cancer diagnosis

    May 19, 2025
  • Nvidia says it is not sending GPU designs to China after reports of new Shanghai operation

    May 16, 2025
  • Ethereum continues to pull back on Friday near weekly low

    September 6, 2024

Editor’s Pick

  • 6 times judges blocked Trump executive orders

    February 12, 2025
  • Tesla stock surges 6%: analyst sees more gains ahead

    May 12, 2025
  • Who is the conservative ‘superstar’ lawyer and potential SCOTUS pick that will help in Eric Adams case?

    February 26, 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