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

EURGBP and EURCHF: EURCHF extends bullish trend

by August 12, 2024
written by August 12, 2024

EURGBP and EURCHF: EURCHF extends the previous bullish trend

During this morning’s Asian trading session, EURGBP retreated to 0.85440, a new daily low. 
The EURCHF pair has been in a strong bullish consolidation since the market opened last night.

EURGBP chart analysis

During this morning’s Asian trading session, EURGBP retreated to 0.85440, a new daily low. We consolidated very quickly, and a recovery of the 0.85700 level followed. In this zone, we encountered the EMA 50 moving average, which introduced new uncertainty into this pair. We now have a slight pullback to 0.85580 and hope to stay above the weekly open price. If we successfully stabilize here, we can hope to start a bullish consolidation.

Potential higher targets are the 0.85800 and 0.85900 levels. For a bearish EURGBP option, a bearish consolidation below the weekly open price should be triggered. After that, we will see a decline and possible testing of this morning’s low at 0.85440. Here, the pair will try to get the bearish EMA 200 and thus stop further pullback. Potential lower targets are the 0.85400 and 0.85300 levels.

 

EURCHF chart analysis

The EURCHF pair has been in a strong bullish consolidation since the market opened last night. At the weekly open price, the pair is supported by the EMA 200 moving average. After that, we saw a rise to the 0.94988 level. We jumped past last week’s high and hope for further continuation to the bullish side. Potential higher targets are 0.95200 and 0.95400 levels. By jumping to 0.95400, we will form a new August high.

For a bearish option, we need a new negative consolidation. After that, the EURCHF will turn to weekly open prices and a large support zone. The inability to hold there leads to a breakout below and the formation of a new daily low. Potential lower targets are 0.94200 and 0.94000 levels.

 

The post EURGBP and EURCHF: EURCHF extends bullish trend appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
AUDUSD and AUDNZD: AUDUSD continues to rise and today
next post
Elon Musk Tests X Ahead of Trump Livestream on Platform

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

  • Judge grants Jack Smith request to dismiss Jan. 6 charges against Trump, appeal dropped in Florida docs case

    November 26, 2024
  • Elon Musk to upgrade security after left-wing magazine labels him ‘Public Enemy No. 2’

    October 21, 2024
  • Lowe’s becomes latest company to dial back DEI efforts aimed at LGBTQ groups

    August 29, 2024
  • Former Trump WH COVID doc ‘excited’ for questions at RFK confirmation hearing

    November 17, 2024
  • Border Patrol chief’s hearing begins with tiff over Dem’s allegations that spurred Noem letter

    April 30, 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

    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 (4,723)
  • Investing (624)
  • Stock (773)

Latest Posts

  • SCOOP: White House rallies House GOP on Trump tariff plan in secret call

    April 3, 2025
  • Dem strategists fret Harris ‘sugar high’ is over: ‘If you’re not nervous, you’re not paying attention’

    October 10, 2024
  • INBS Stock: Biosensor Innovator’s Market Challenges

    August 23, 2024

Recent Posts

  • GM slows its EV plans again even as sales grow

    July 24, 2024
  • Rush orders, cut costs, crossed fingers: How small businesses are preparing for tariffs

    December 2, 2024
  • TD Cowen downgrades Molson Coors, lowers price target to $58: Is it time to exit?

    August 7, 2024

Editor’s Pick

  • Senate GOP tees up confirmation hearing blitz in effort to meet ambitious Trump targets

    January 13, 2025
  • Trump hits Iran’s pocketbook as he dangles a carrot in Middle East speech

    May 13, 2025
  • As a cautious Kamala loses momentum, Democrats are panicking over a Trump win

    October 15, 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