Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Group Eleven Drills Best Hole Yet at Ballywire:...
Blue Sky Uranium Acquires Key Subsurface Data for...
Sun Summit Minerals
Aurum Resources
High grade gold in early stage drilling at...
3 Key Themes from Fastmarkets’ 2025 Lithium Supply...
Walker Lane Resources Ltd. Receives Positive Results from...
Crypto Market Recap: Coinbase Acquires Liquifi, Tether to...
Robinhood Shares Hit Record High on EU Launch...
As his feud with Trump reignites, Musk’s business...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

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
The Euro index continues to fall, Yen looks for support
next post
Ripple and Tron: Ripple is back at the weekly open price

You may also like

GAINTOMO AI™: Crypto Trading with Intelligent Automation

November 20, 2024

Gold and Silver: Gold in a bullish rally...

October 17, 2024

Bitcoin & Ethereum: Sharp Fall on Oct 31,...

November 7, 2024

SafeMoon and Litecoin: Litecoin falls to a two-week...

August 29, 2024

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

January 18, 2025

The dollar index is bullish again from this...

October 22, 2024

Could Bitcoin Reach $200000? Market & Expert Insights

March 7, 2025

Gold and silver: Metal prices fall to new...

October 25, 2024

The Nifty 50 Index: Key Facts and Figures...

October 4, 2024

Bitcoin and Ethereum: New Support and Targets for...

October 5, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Group Eleven Drills Best Hole Yet at Ballywire: 39.7m of 9.5% Zn+Pb, 131 g/t Ag and 0.27% Cu, incl. 5.6m of 16.6% Zn+Pb, 370 g/t Ag and 0.86% Cu

      July 3, 2025
    • Blue Sky Uranium Acquires Key Subsurface Data for Corcovo Uranium Project, Mendoza Province, Argentina

      July 3, 2025
    • Sun Summit Minerals

      July 3, 2025
    • Aurum Resources

      July 3, 2025
    • High grade gold in early stage drilling at Sandstone

      July 3, 2025
    Promotion Image

    banner ads

    Categories

    • Business (753)
    • Economy (829)
    • Investing (2,331)
    • Politics (737)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.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 smarttradeinsights.com | All Rights Reserved