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

EURGBP and EURCHF: EURGBP falls to a two-week low

by August 19, 2024
written by August 19, 2024

EURGBP and EURCHF: EURGBP falls to a two-week low

Today’s movement of EURGBP takes place in the 0.85085-0.85250 range
During this morning’s Asian session, EURCH retreated to 0.95200, a new daily low

EURGBP chart analysis

Today’s movement of EURGBP takes place in the 0.85085-0.85250 range. The pair was quite calm until a few hours ago when we saw the initiation of a bullish consolidation. Now, we expect to attack the EMA 50 moving average and climb to the 0.85300 level. After that, the pair with new support should continue to grow up to 0.85400, where we will encounter the EMA200 moving average.

In this zone, the EURGBP can expect higher resistance, and we will need an impulse above to continue on the bullish side. Potential higher targets are 0.85500 and 0.85600 levels. For a bearish option, we need a negative consolidation and a return to this morning’s low at 0.85085. This time, a reappearance in that zone could cause us to slip to a new daily low. Potential lower targets are 0.85000 and 0.84900 levels.

 

EURCHF chart analysis

During this morning’s Asian session, EURCH retreated to 0.95200, a new daily low. We quickly stabilized, and in the next hour, a recovery was initiated back above the daily open price to the 0.95566 level. The pair is in solid bullish momentum, and we expect to see further progress on the bullish side. Potential higher targets are the 0.95700 and 0.95800 levels.

For a bearish option, EURCHF would have to pull back below the 0.95400 level, which moves us below the EMA 50 and the daily open price. Growing bearish pressure will continue to push the pair to lower levels and increase momentum. We will retest the previous low before continuing the pullback. Potential lower targets are the 0.95100 and 0.95000 levels. Additional support is the 200 EMA and the 0.95050 level zone.

 

The post EURGBP and EURCHF: EURGBP falls to a two-week low appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
The dollar index could soon fall to a new annual low
next post
SoundHound AI Stock Drops: Q2 2024 Nvidia Portfolio Update

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

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

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

  • GOP outperformed Dems on voter registration in key battleground states, new analysis reveals

    May 21, 2025
  • LGBT Americans reach record number, more likely to be Dems, Gen Z: Gallup poll

    February 25, 2025
  • Democrat godfathers make Biden offer they hope he can’t refuse

    July 19, 2024
  • Elon Musk strategizes $1 trillion spending cuts with House DOGE panel in closed-door meeting

    March 6, 2025
  • DOGE terminates billions in contracts, including $361K for ‘gender non-conforming, non-binary’ BIPOC farmers

    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

    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 (6,080)
  • Investing (634)
  • Stock (927)

Latest Posts

  • DAVID MARCUS: GOP owes RFK Jr. big time, and the debt is due

    January 29, 2025
  • McDonald’s misses Q2 estimates as same-store sales decline for first time since pandemic

    July 30, 2024
  • Syme Share Price Hitting New Lows: Chart Analysis

    July 29, 2024

Recent Posts

  • Gold Price Surge Hits $3,385 Amid Trade Tensions

    April 21, 2025
  • Stellar and Bitcoin Cash: Stellar is trying to recover

    July 30, 2024
  • State Department reveals plan to deliver ‘life-saving’ meals to 1.4M starving children

    June 10, 2025

Editor’s Pick

  • Claire’s, known for piercing millions of teens’ ears, files for Chapter 11

    August 7, 2025
  • AMC bets on premium screens as Hollywood slate boasts big blockbuster titles

    April 1, 2025
  • Sen. Liz Warren lays out more than 100 questions she wants Pete Hegseth to answer during confirmation hearing

    January 14, 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