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

EURUSD and GBPUSD: EURUSD in a strong bullish trend

by August 14, 2024
written by August 14, 2024

EURUSD and GBPUSD: EURUSD in a strong bullish trend

During this morning’s Asian trading session, EURUSD consolidated around 1.09900 level. 
On Tuesday, GBPUSD rose to 1.28733 levels, a new weekly high. 

EURUSD chart analysis

During this morning’s Asian trading session, EURUSD consolidated around 1.09900 level.  A strong bullish consolidation and a jump to a new high of 1.10287 followed this. We are currently stopping there and moving around the 1.10200 level. It is possible that we will see a more significant pullback if we do not initiate a continuation to the bullish side soon. If EURUSD manages to hold here, it could move to a new weekly high with renewed momentum.

Potential higher targets are 1.10400 and 1.10600 levels. For a bearish option, the EURUSD would have to initiate a bearish consolidation down to the 1.10000 level. We are close to testing the daily open price. If we fail to hold above this time, the pair could easily continue to pull back. Potential lower targets are 1.09800 and 1.09600 levels. Additional support in the 1.09600 zone is the EMA 50 moving average.

 

GBPUSD chart analysis

On Tuesday, GBPUSD rose to 1.28733 levels, a new weekly high. After that, there is a stop in that zone and the fall of the previous bullish volume. During the Asian trading session, the pair hovered around 1.28600 levels. Data on British inflation were published at the start of the EU session. The drop in inflation pushed the pound down to the 1.28170 level. A daily low was formed at this level, and GBPUSD started a recovery from there.

The pair is now at 1.28430 and trying to stabilize above the 1.28400 level. If GBPUSD succeeds in this, he could continue on the bullish side. Potential higher targets are 1.28600 and 1.28700 levels. For a bearish option, we need a negative consolidation and a new test of this morning’s low. In that zone, we also have the EMA 50 moving average, which could be a new support. With the impulse below, we continue to the bearish side. Potential lower targets are 1.28100 and 1.28000 levels.

 

The post EURUSD and GBPUSD: EURUSD in a strong bullish trend appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Chipotle stock dips 14% as CEO Brian Niccol moves to Starbucks: Is it a buy?
next post
SMR Stock Is Plunging as the SEC Demands Answers

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

  • Frontier Airlines goes after struggling rival Spirit’s customers with 20 new routes

    August 27, 2025
  • Why ON Semiconductor is a strong buy despite recent market challenges

    November 7, 2024
  • Moderate House Dems push for crackdown on noncitizens voting in US elections

    July 26, 2024
  • Strategist warns on Intel’s AI prospects as stock plunges 20% amid job cuts and dividend suspension

    August 2, 2024
  • Trump blasts Harris as part of Truth Social flurry on what she ‘didn’t mention’ in DNC speech

    August 23, 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

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

    July 19, 2024
  • 3

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

    December 4, 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 (6,247)
  • Investing (634)
  • Stock (935)

Latest Posts

  • Agenus stock plummets over 50% as FDA rejects accelerated approval for BOT/BAL cancer therapy

    July 18, 2024
  • Top GOP senator defies Trump demand to bend Senate rules for his court picks

    August 25, 2025
  • President Trump bids ‘HAPPY EASTER!’ as Christian holiday approaches: ‘We need God’

    April 14, 2025

Recent Posts

  • ‘Orange Man’ Trump will jail protesters, Jane Fonda claims at Harris event for overseas voters

    September 6, 2024
  • Should Congressman McCaul be questioned for selling Microsoft before investigation call?

    July 11, 2024
  • House GOP fiscal hawks warn Trump tax cuts in danger of expiring under new Senate-backed plan

    December 11, 2024

Editor’s Pick

  • ‘Bold’ general who led US’ ‘Midnight Hammer’ strikes on Iran ends Middle East reign

    August 25, 2025
  • Chipotle has been on a hot streak with customers

    July 25, 2024
  • Legal experts question Harris’ backing from donors with government ties

    October 22, 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