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

EURAUD and EURNZD: The euro continues to slide lower

by August 20, 2024
written by August 20, 2024

EURAUD and EURNZD: The euro continues to slide lower

This week, EURAUD continued last week’s trend by falling to the 1.64513 level
During this morning’s Asian trading session, EURNZD continued its retreat from the previous day

EURAUD chart analysis

This week, EURAUD continued last week’s trend by falling to the 1.64513 level. During this morning’s Asian trading session, the pair tried to initiate a recovery but encountered resistance at the 1.65000 level. From there, a new bearish consolidation was initiated, which could threaten this week’s low. We are now at 1.64550 and close to breaking to a new lower low. Potential lower targets are the 1.64400 and 1.64200 levels.

For a bullish option, we need to stop this decline and stabilize the EURAUD above 1.64600. If we succeed in this, we could see the initiation of a bullish consolidation. A jump above 1.65000 will get support from the EMA 50 moving average. With the new support, it will be easier for us to start a further war on the bullish side. Potential higher targets are 1.65200 and 1.65400 levels.

 

EURNZD chart analysis

During this morning’s Asian trading session, EURNZD continued its retreat from the previous day. A new weekly low was formed at 1.80320. the pair is now at the 1.80420 level. If it stays here longer, it could trigger a bearish impulse and drop to a new low. Potential lower targets are 1.80000 and 1.79500 levels. This would form a new August low.

For a bullish option, we need a positive consolidation above the 1.81000 level. This would show that the EURNZD pullback has stopped, and we have a new bottom. After that, we can expect to see the initiation of further recovery and strengthening of the bullish momentum. Potential higher targets are 1.81500 and 1.82000 levels. Additional support at 1.81500 is the EMA 50 moving average.

 

The post EURAUD and EURNZD: The euro continues to slide lower appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Ripple and Tron: strong bullish impulses this week
next post
S&P 500 and Nasdaq continue to recover to new highs

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

  • House passes funding bill with just hours until government shutdown

    December 21, 2024
  • Dems likely to ‘waste millions’ on deluge of lawsuits but could cost Trump precious time: expert

    February 14, 2025
  • Starbucks union announces strike to last through Christmas Eve in 3 major cities

    December 20, 2024
  • Lincoln gave us Thanksgiving as a time to unite. We owe it to him to try

    November 27, 2024
  • House leaders move quickly to consolidate power in show of confidence for Republican takeover

    November 7, 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 (4,735)
  • Investing (624)
  • Stock (775)

Latest Posts

  • SafeMoon and Litecoin: SafeMoon stabilized above 0.00003550

    July 24, 2024
  • Blue state congressman ditches Dem playbook, seeks to codify Trump’s latest executive order

    May 16, 2025
  • IAG Share Price Forecast for 2024: A Comprehensive Analysis

    August 6, 2024

Recent Posts

  • Putin announces temporary Easter ceasefire in Ukraine war

    April 19, 2025
  • President Trump highlighting US military in a unique way

    March 8, 2025
  • Booker called filibuster an ‘abuse of power’ years before setting Senate speech record

    April 2, 2025

Editor’s Pick

  • Nifty in support zone: German 40 rises at the weekly high

    August 15, 2024
  • Tim Walz’s daughter ditches grad school, refuses to attend institution that doesn’t support ‘right to protest’

    March 31, 2025
  • Liz Cheney fundraises off explosive Trump, Zelenskyy Oval Office meeting

    March 4, 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