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

EURGBP and EURCHF: EURCHF continues to rise today

by August 15, 2024
written by August 15, 2024

EURGBP and EURCHF: EURCHF continues to rise today

On Wednesday, EURGBP rose to 0.85928, forming a new weekly high
During this morning’s Asian trading session, EURCHF gained support at the 0.95300 level

EURGBP chart analysis

On Wednesday, EURGBP rose to 0.85928, forming a new weekly high. During this morning’s Asian session, the pair started a bearish consolidation and fell below the 0.85800 level. In the EU session, the euro continued to slide to 0.85625, a new daily low. We expect to go down to 0.85550 and test the weekly open price. Additional support in that zone is the EMA 200 moving average.

Potential lower targets are the 0.85500 and 0.85400 levels. For a bullish option, we need a positive consolidation and a rise above 0.85700. There, we find support from the EMA 50 moving average and expect to continue the recovery to the bullish side. Potential higher targets are the 0.85800 and 0.85900 levels. We do not rule out a new testing of this week’s high either.

 

EURCHF chart analysis

During this morning’s Asian trading session, EURCHF gained support at the 0.95300 level. The pair continued its bullish consolidation to a new weekly high at 0.95469. The momentum is quite stable, and we expect to continue on the bullish side. Potential higher targets are the 0.95600 and 0.95700 levels. That will take us to a new August high, and the euro could use that to its advantage.

For a bearish option, we need a negative consolidation and a pullback below the 0.85300 level. With that step, EURCHF would form a new daily low and confirm that it is losing its bullish momentum. After that, we can only watch for further pullbacks and testing of lower support levels. Potential lower targets are the 0.95200 and 0.95100 levels. Additional support for EURCHF is the EMA 50 moving average at 0.95150.

 

The post EURGBP and EURCHF: EURCHF continues to rise today appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Morning Glory: How bad could a Kamala Harris presidency be?
next post
Nifty in support zone: German 40 rises at the weekly high

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

  • California Democrat Josh Harder declares victory in House race

    November 14, 2024
  • Lucid CEO steps down; EV maker plans to more than double production in 2025

    February 27, 2025
  • House passes Trump’s $9.4B spending cuts package targeting NPR, PBS, USAID

    June 11, 2025
  • Trump budget bill hits turbulence ahead of House vote as Senate backup looms

    February 24, 2025
  • Senate GOP agree to strip cuts to HIV, AIDs prevention program from Trump’s clawback bill

    July 15, 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 (5,385)
  • Investing (634)
  • Stock (844)

Latest Posts

  • Alberto Gonzales becomes latest Bush alum to endorse Harris

    September 12, 2024
  • New ‘Reagan’ movie shows president’s strengths and why he is most remembered for fighting ‘evil’

    September 1, 2024
  • Trump revokes Biden order allowing transgender troops in bid to rid DEI from military

    January 22, 2025

Recent Posts

  • Gaetz sues to block release of Ethics Committee report

    December 23, 2024
  • Trump has not directed administration to declassify Biden documents on health ‘cover-up’

    May 22, 2025
  • Trump will be ‘very active on the campaign trail’ in 2026 midterms, Republican Party chair predicts

    December 24, 2024

Editor’s Pick

  • He plays rich on screen but dreams of full-time work: ‘Why can’t I get a living wage?’

    July 12, 2024
  • FBI calls for public tips on children hurt in ‘gender-affirming’ surgeries

    June 3, 2025
  • Biden says ‘anyway’ at least 9 times while trailing off in press conference

    July 12, 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