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

The Euro index has a new opportunity to be bullish

by September 5, 2024
written by September 5, 2024

The Euro index has a new opportunity to be bullish

During this morning’s Asian trading session, the Euro index fell to the weekly support level of 1042.0
During this morning’s Asian trading session, the yen index continued to rise to a new weekly high of 769.8

Euro index chart analysis

During this morning’s Asian trading session, the Euro index fell to the weekly support level of 1042.0. This time, we got new support and started a bullish consolidation up to the 1044.0 level. We have EMA 50 moving average support and expect a continuation to 1044.5 higher EMA 200 moving average resistance. Potential higher targets are the 1045.0 and 1045.5 levels.

For the bearish option, we need a negative consolidation and a new pullback of the euro index down to the 1042.5 weekly open price. This time, we need a drop below and the formation of a new weekly low. This will confirm the move to the bearish side, and we expect to see further pullback. Potential lower targets are the 1041.5 and 1041.0 levels.

 

Yen index chart analysis

During this morning’s Asian trading session, the yen index continued to rise to a new weekly high of 769.8. After that, the bullish momentum decreased, and the index retreated to the 766.0 level. If the support does not hold, we will continue to pull back to a new low. Potential lower targets are 764.0 and 762.0 levels. In the 762.0 zone, we expect to test possible support in the EMA 50 moving average.

For a bullish option, we need a jump in the yen index above the 770.0 level. With that, we go to a new daily high and strengthen the bullish momentum. After that, we have to continue with recovery and climb to higher levels. Potential higher targets are 772.0 and 774.0 levels.

 

The post The Euro index has a new opportunity to be bullish appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
EURGBP and EURCHF: EURGBP is recovering successfully
next post
MT4 Indicators: Guide for Effective Forex Trading

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

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

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

  • ‘Moana 2’-led Thanksgiving box office could be best in post-pandemic era

    November 27, 2024
  • Trump makes it official, announces North Dakota Gov. Doug Burgum as Department of the Interior secretary

    November 15, 2024
  • Fox News reporter asks White House who gets called after 8 p.m. if nuke is launched at US

    July 10, 2024
  • List reveals items FBI seized from John Bolton’s home during raid

    September 4, 2025
  • Israeli official warns ‘everything is on the table’ as IDF prepares response to Iranian missile attack

    October 6, 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

    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 (6,250)
  • Investing (634)
  • Stock (935)

Latest Posts

  • Top 5 moments from Kamala Harris’ first interview as Dem nominee: ‘I will not ban fracking’

    August 30, 2024
  • Harris supporters say keep some Biden policies, lose others amid reports she is seeking ‘distance’

    August 15, 2024
  • Americans witnessing crippling federal regulations can go directly to DOGE to report red tape rule

    April 13, 2025

Recent Posts

  • Trump, lawmakers react after ‘big, beautiful bill’ clears Senate hurdle

    June 29, 2025
  • Israel takes 40% of Gaza City with eyes on military rule in forceful new offensive

    September 5, 2025
  • Trump says ‘big, beautiful’ bill ‘must’ meet deadline as some Republicans waver

    June 27, 2025

Editor’s Pick

  • McKinsey & Co. to pay $650M to settle opioid consulting probe, ex-partner to plead guilty

    December 16, 2024
  • Is Intel the smarter investment as Nvidia peaks? Here’s why

    July 18, 2024
  • Obama calls Charlie Kirk’s death ‘horrific,’ blames Trump for fueling division

    September 17, 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