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

The Euro index continues the trend from Friday to a new high

by September 2, 2024
written by September 2, 2024

The Euro index continues the trend from Friday to a new high

At the start of this week, the euro index gained new support at the 1042.5 level
At the start of this morning’s Asian session, the yen index received support for bullish consolidation and growth to the 755.0 level

Euro index chart analysis

At the start of this week, the euro index gained new support at the 1042.5 level. From there, we saw the initiation of a bullish consolidation, which led to a new daily high of 1045.0. The index is rising, and we expect to see further progress on the bullish side. Potential higher targets are 1046.0 and 1047.0 levels. The possible resistance of the euro could be in the EMA 200 moving average at the 1046.0 level.

For a bearish option, we need a negative consolidation and a return to the daily open price. This puts new pressure on this morning’s support zone. Staying in that zone for too long could cause us to continue below and form a new daily low. Potential lower targets are the 1041.0 and 1040.0 levels.

 

Yen index chart analysis

At the start of this morning’s Asian session, the yen index received support for bullish consolidation and growth to 755.0 levels. After forming a new daily high, the index began to lose momentum and initiate a bearish consolidation, breaking through this morning’s low. A new daily low of the yen index was formed at the 749.0 level. We are currently at 749.7 and holding in the support zone. A strong bearish momentum could soon push us to a new low.

Potential lower targets are 748.0 and 747.0 levels. We need a positive consolidation and a move above the 752.0 level for a bullish option. With that step, the index would have the opportunity to rise above the daily open level. After that, we expect to hold above there before continuing to the bullish side. Potential higher targets are 753.0 and 754.0 levels.

 

The post The Euro index continues the trend from Friday to a new high appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Biden, Harris to meet with US hostage deal negotiating team as major protests erupt in Israel
next post
The dollar index could continue to recover this week

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

  • JONATHAN TURLEY: Angry rhetoric is all the rage, but here’s to hope

    November 3, 2024
  • USDCAD and USDCNH: USDCAD is turning to the bearish side

    August 1, 2024
  • American Bar Association blasts Bondi’s decision to block it from judicial nominations: ‘Deeply disturbing’

    June 11, 2025
  • New ‘insulting’ Harris ad targets Black men’s love lives

    October 20, 2024
  • Conservatives rally around Hegseth after he turns tables on Hillary Clinton with Russia ‘reset’ photo

    March 3, 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 (5,603)
  • Investing (634)
  • Stock (867)

Latest Posts

  • Congress one step closer to avoiding government shutdown after bill passes House

    September 25, 2024
  • Trump’s tough policies push UK, EU to significantly expand trade and defense

    May 19, 2025
  • Fetterman says RFK Jr confirmation ‘not a slam dunk,’ as Trump HHS nominee shores up support

    February 2, 2025

Recent Posts

  • Ilhan Omar blasts Harris-Walz campaign for courting Liz Cheney: ‘Huge misstep’

    November 26, 2024
  • The Hitchhiker’s Guide to how the VP debate is sometimes more memorable than the presidential debates

    September 30, 2024
  • Panama’s president hits back at Trump idea to reclaim key canal

    December 23, 2024

Editor’s Pick

  • Trump holds ‘very good’ call with Zelenskyy following deal with Putin

    March 19, 2025
  • JD Vance gears up to talk economic priorities during trips to Italy, India

    April 16, 2025
  • GOP rebels push for $2.5 trillion cuts in Trump budget bill during tense closed-door meeting

    February 5, 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