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

Euro index continues its sideways consolidation on Monday

by August 12, 2024
written by August 12, 2024

Euro index continues its sideways consolidation on Monday

During this morning’s Asian trading session, the Euro index successfully gained support at the 1044.0 level. 
This morning, the yen index continued its retreat from last week, reaching a low of 756.6. 

Euro index chart analysis

During this morning’s Asian trading session, the Euro index successfully gained support at the 1044.0 level. After that, we saw a bullish consolidation and a rise above the EMA 200 moving average. A daily high was formed at 1045.7, and we expect to see further progress to higher levels. Potential higher targets are 1046.0 and 1047.0 levels. Last week’s high was at 1047.2; just above it, we are going to the new August high.

For a bearish option, we need a negative consolidation and a pullback below the 1044.0 level. That brings us back below the EMA 200 and the weekly open price. With these steps, we are moving to the bearish side and will be forced to look for a new support level. Potential lower targets are 1042.0 and 1041.0 levels.

 

Yen index chart analysis

This morning, the yen index continued its retreat from last week, reaching a low of 756.6. We will now try to test the EMA 200 and gain support. If the bearish momentum strengthens, a further pullback and transition to a new low will follow. Potential lower targets are the 755.0 and 754.0 levels.

For a bullish option, we need a positive consolidation that would move us away from this support zone. By returning to the 760.0 level, the yen index will encounter the EMA 50 moving average. With one more move, we climb up to the 762.0 weekly open price. There, we will test the weekly open price and hope to move to the positive side. If we succeed in this, the yen could start a longer-term recovery to higher levels. Potential higher targets are 763.0 and 764.0 levels.

 

The post Euro index continues its sideways consolidation on Monday appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Elon Musk Tests X Ahead of Trump Livestream on Platform
next post
JPMorgan Chase is giving its employees an AI assistant powered by ChatGPT maker OpenAI

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

  • NATO leaders predict era of 2% defense spending ‘probably history’ as Trump reportedly floats higher target

    December 24, 2024
  • USAID activists say stopping ‘corporate welfare’ outweighs ending funds to terror-linked groups

    February 5, 2025
  • USDCHF and USDJPY: USDJPY continues bullish consolidation

    August 30, 2024
  • US ally accuses Biden admin of using USAID as a ‘tool to interfere with domestic issues’

    February 6, 2025
  • MaxLinear stock plunges 30% after Q2 earnings miss, Needham downgrades: What investors need to know

    July 25, 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 (4,433)
  • Investing (593)
  • Stock (735)

Latest Posts

  • How Jeju Island’s NFT travel cards are redefining tourism in South Korea

    January 6, 2025
  • Crypto News: Key Developments in Trump’s First Week

    January 24, 2025
  • Trump claims Biden pardons are ‘VOID,’ alleging they were signed via autopen

    March 17, 2025

Recent Posts

  • Romania’s now-barred presidential frontrunner Călin Georgescu claims he is facing Trump-like charges

    March 11, 2025
  • Trump rips House Republican who voted to impeach him in message endorsing his rival

    October 29, 2024
  • Trump rips ‘loser’ Tim Walz for hurting Dems in 2024 election

    March 21, 2025

Editor’s Pick

  • Global health agency on chopping block as Republicans threaten to cut off funds

    January 14, 2025
  • ‘No reason’ for new nukes: Trump floats disarmament talks with China, Russia

    February 14, 2025
  • Trump’s beef backfires? Aussie exporters may actually win from trade war

    April 9, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

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