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

EURGBP and EURCHF: EURCHF continues with pullback

by August 22, 2024
written by August 22, 2024

EURGBP and EURCHF: EURCHF continues with pullback

During this morning’s Asian trading session, EURGBP moved in the 0.85100-0.85200 range
During this morning’s Asian trading session, EURCHF retreated to 0.94614 levels and reached a new weekly low

EURGBP chart analysis

During this morning’s Asian trading session, EURGBP moved in the 0.85100-0.85200 range. At the beginning of the EU session, we see a downward impulse and the initiation of bearish consolidation up to the 0.84838 level. A new weekly low was formed at that level. The pair managed to stabilize that down and recover slightly to 0.84950. If the support remains, we can hope for a EURGBP recovery above the 0.85000 level. With the return to 0.85200, we will return to the weekly open price.

Potential higher targets are the 0.85300 and 0.85400 levels. Additional resistance and this week’s obstacle is the EMA 200 moving average in the 0.85300 zone. For a bearish option, we need a negative consolidation and a new fall of EURGBP to the previous low. With that step, we will test that level again. This time, we could see an impulse below and the formation of a new weekly low. Potential lower targets are the 0.84800 and 0.84700 levels.

 

EURCHF chart analysis

During this morning’s Asian trading session, EURCHF retreated to 0.94614 levels and reached a new weekly low. Since the beginning of this week, the pair has been retreating and under bearish pressure. After the formation of this morning’s low, we received support and recovered to the 0.94900 level. If we plan to continue on the bullish side, we need an impulse above the 0.95000 level. There we will find support in the EMA 50 moving average for continued recovery.

Potential higher targets are 0.95200 and 0.95300 levels. For a bearish option we need a new bearish consolidation of EURCHF back to this morning’s low. This time, we could see a break above and a drop to a new weekly low. Potential lower targets are 0.94500 and 0.94400 levels.

 

The post EURGBP and EURCHF: EURCHF continues with pullback appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
With 15 days until voting starts, ‘election season’ kicks off sooner than you think
next post
FTSE All Share Index: The UK’s Market Barometer

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

  • Sports executive charged with bid-rigging in Texas arena project

    July 10, 2025
  • ‘American hero’ or ‘failure’: Elon Musk’s DOGE departure divides Capitol Hill

    May 30, 2025
  • Harris hauls in $81 million in first 24 hours since Biden bowed out

    July 22, 2024
  • Elon Musk is $70 billion richer since Trump victory due to Tesla stock surge

    November 13, 2024
  • Red state sheriff credits Trump’s border policies for already helping his small county: ‘Big impact’

    March 5, 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 (6,247)
  • Investing (634)
  • Stock (935)

Latest Posts

  • Canada’s PM Carney vows to ‘fight’ Trump’s tariffs, other world leaders weigh impact

    April 3, 2025
  • SafeMoon and Litecoin: LItecoin fails to break above $66.00

    July 10, 2024
  • Patel cuts ties Comey’s FBI made with ADL as organization faces backlash for TPUSA criticism

    October 1, 2025

Recent Posts

  • Rubio denies visas to Palestinian leaders for UN General Assembly, citing terror support

    August 29, 2025
  • Anne Wojcicki to buy back 23andMe and its data for $305 million

    June 16, 2025
  • Harris edges closer to Trump in new poll conducted after Biden’s withdrawal

    July 26, 2024

Editor’s Pick

  • Biden’s pandemic playbook failed. Trump just offered a smarter path forward

    May 15, 2025
  • Former National Security Adviser Robert O’Brien: Ukraine’s NATO bid risks ‘World War III’

    October 28, 2024
  • Encircling Taiwan was a smokescreen for China’s real goal of convincing US not to intervene, expert says

    October 20, 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