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

The Euro index falls under pressure to a new multi-day low

by August 19, 2024
written by August 19, 2024

The Euro index falls under pressure to a new multi-day low

At the beginning of this week, we are looking at the withdrawal of the Euro index to a new low
In the first part of this morning’s Asian trading session, the yen index showed a strong bullish trend, rising to 762.3

Euro index chart analysis

At the beginning of this week, we are looking at the withdrawal of the Euro index to a new low. During this morning’s Asian session, we saw a drop to 1048.0 levels. After that, the index stopped there and continued to move in the 1048.0-1049.0 range. A step below us is the EMA 200 moving average, and it will be interesting to see how the index will behave if it falls to the moving average line. Depending on the bearish momentum, the pullback will also depend.

Potential lower targets are the 1047.0 and 1046.0 levels. For a bullish option, we need a positive consolidation of the euro index up to 1050.0. As a result, we move to the daily open price and move above the EMA 50 moving average. If we manage to stabilize at that level, we could hope for a continuation on the bullish side. Potential higher targets are the 1051.0 and 1052.0 levels.

 

Yen index chart analysis

In the first part of this morning’s Asian trading session, the yen index showed a strong bullish trend, rising to 762.3. After that, it started a retreat and fell to 755.5 in the EU session. At 754.2, we will encounter the EMA 200 moving average, and the yen could look for new support there. If it has no strength, we will see a drop below and the formation of a new low. Potential lower targets are the 752.0 and 750.0 levels.

For a bullish option, we need to stop the current bearish consolidation. Once we succeed, the yen index could initiate a positive consolidation and move back above the 760.0 level. With that step, we strengthen the bullish momentum, and the chances are increasing that we will soon test the previous high. Potential higher targets are the 764.0 and 766.0 levels.

 

The post The Euro index falls under pressure to a new multi-day low appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Asia Markets Mixed on Inflation Data; Fed Decision Awaited
next post
Kamala Harris Campaign: US Election Update

related articles

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Oil Prices Rebound After Trump’s Criticism of Powell

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

  • Vital Western alliance countries’ heavy dependence on China major problem: ‘dangerously exposed’

    August 3, 2024
  • Oil executives bluntly criticize Trump tariffs and ‘drill, baby, drill’ mantra

    March 27, 2025
  • Bitcoin Declines as Traders Secure Profits

    January 27, 2025
  • Working ‘in tandem’: Republicans prep to make Trump executive orders permanent

    January 22, 2025
  • McConnell warns RFK Jr. to steer clear of the polio vaccine

    December 14, 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

    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 (5,223)
  • Investing (634)
  • Stock (829)

Latest Posts

  • After Wednesday’s record rally, Tesla stock falls 6% today as analysts cut price targets

    April 11, 2025
  • Trump will appoint ‘dozens’ of judges, experts say, despite Dems ramming through nominees in lame-duck session

    November 23, 2024
  • ‘Futile exercise’: House GOP push to impeach judges blocking Trump fizzles out

    March 25, 2025

Recent Posts

  • Former NY congressman lays out Dems’ years-long escalating rhetoric ahead of Trump assassination attempt

    July 17, 2024
  • House launches poll watcher program amid GOP-wide push for election security

    September 10, 2024
  • Trump’s picks so far: Here’s who will be advising the new president

    November 12, 2024

Editor’s Pick

  • Trump, Pence shake hands at Carter funeral in first public meeting since leaving office

    January 9, 2025
  • How a tiny town hit by Helene could upend the global semiconductor chip industry

    October 4, 2024
  • Who is White House physician Dr. Kevin O’Connor and what are his close ties to the Biden family?

    July 10, 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