The Revenue Rises
Trending Now
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
DP Trading Room: Key Support Levels for the...
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
Stock Market News UK Update: FTSE 100 &...
Retirees ‘stunned’ as market turmoil over tariffs shrinks...
Week Ahead: NIFTY Set To Open Lower; Relative...
Market Drop Compared to 2020: What You Need...

The Revenue Rises

Economy

EURGBP and EURCHF: EURCHF is going lower and lower

by admin August 2, 2024
August 2, 2024
EURGBP and EURCHF: EURCHF is going lower and lower

EURGBP and EURCHF: EURCHF is going lower and lower

  • During this morning’s Asian trading session, EURGBP managed to gain support at the 0.84200 level. 
  • On Wednesday, EURCHF broke through last week’s low, thus lowering this pair to a new lower low. 

EURGBP chart analysis

During this morning’s Asian trading session, EURGBP managed to gain support at the 0.84200 level. After that, we saw the start of a bullish consolidation that took us up to the 0.84588 level. Here, we were very close to testing this week’s high of 0.84606, which formed on Monday. The pair has successfully stabilized above the weekly open price and we expect further continuation to the bullish side.

Potential higher targets are 0.84600 and 0.84650 levels. For a bearish option, we need a negative consolidation of EURGBP back to the 0.84350 level. With that, we move below the weekly open price to the negative side. After that, we expect to see a further pullback towards the moving averages. Potential lower targets are 0.84300 and 0.84250 levels.

 

EURCHF chart analysis

On Wednesday, EURCHF broke through last week’s low, thus lowering this pair to a new lower low. During this morning’s Asian trading session, we saw a continuation of the previous bearish consolidation and a pullback to a new low at 0.94422. We currently have support at that level, and the pair has recovered slightly to 0.94656. This brief bullish consolidation could trigger a larger recovery and move us further away from this support zone.

Potential higher targets are 0.94800 and 0.95000 levels. There, we return to the daily open price and within reach of the EMA 50 moving average. For a bearish option, we need to retest the previous low. EURCHF’s failure to sustain at that level will push it down to a new weekly low. Potential lower targets are 0.94200 and 0.94000 levels.

 

The post EURGBP and EURCHF: EURCHF is going lower and lower appeared first on FinanceBrokerage.

previous post
Democrats begin process of officially making Harris their nominee
next post
Small Caps Poised to Soar: Is Now The Time To Buy IWM?

Related Posts

Bitcoin price remains below the EMA 200 on...

October 10, 2024

Nvidia Stock Price Hits $138: Effects on Global...

October 17, 2024

Stock Futures Lower after S&P 500 futures ticked...

January 4, 2025

Ripple and Tron: Ripple faces new resistance on...

September 13, 2024

EURAUD and EURNZD: EURAUD is back to the...

August 17, 2024

S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped...

January 21, 2025

AUDUSD and AUDNZD: New Targets and Prices for...

October 8, 2024

Could Bitcoin Reach $200000? Market & Expert Insights

February 27, 2025

S&P 500 Slide 0.48% as Wall Street Weighs...

November 2, 2024

Oil and Gas Analysis: Oil Rises While Gas...

November 2, 2024

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Stock Market News UK Update: FTSE 100 & 250 Rise
    • Stock Market News UK Update: FTSE 100 & 250 Rise
    • DP Trading Room: Key Support Levels for the SPY
    • Stock Market News UK Update: FTSE 100 & 250 Rise
    • Stock Market News UK Update: FTSE 100 & 250 Rise

    Popular Posts

    • 1

      Polls show some good early signs for Kamala Harris

      July 26, 2024
    • 2

      Solana and Cardano: Solana is waiting for a new impulse

      July 18, 2024
    • 3

      The presidential race shifts — modestly, so far — toward Harris

      August 6, 2024
    • 4

      Donald Trump’s imaginary and frightening world

      September 23, 2024
    • 5

      DP Trading Room: PMO Sort on Earnings Darlings

      July 18, 2024

    Categories

    • Business (663)
    • Economy (965)
    • Politics (873)
    • Stocks (749)

    Disclaimer: therevenuerises.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 © 2024 The Revenue Rises. All Rights Reserved.