Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
BHP Faces AU$1.3 Billion Wage Adjustment for Queensland...
​Royal Gold to Create Streaming and Royalty Giant...
Chris Berry: The West Must Invest in Refinement...
Torex Gold Moves Beyond Single-Asset Status With Reyna...
Ekin Ober on Why AI Could Be Mining’s...
Maritime Resources: A Low-risk Path to Gold Production...
Stallion Uranium Provides Update on Technology Data Acquisition...
Trump Tariffs to Raise US Medical Device Costs,...
EVs Now Emit 73 percent Less Than Gasoline...
OpenAI to release web browser in challenge to...
  • 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

S&P 500 and Nasdaq: New Targets and Support...

October 19, 2024

GGP Share Price Continues Decline. Will It Recover...

August 8, 2024

Inflation In France Takes a Sudden Plunge in...

September 28, 2024

Could Bitcoin Reach $200000? Market & Expert Insights

March 5, 2025

SafeMoon and Litecoin: SafeMoon remains under pressure

September 4, 2024

S&P 500 and Nasdaq: S&P 500 rushes to...

September 27, 2024

EUR/USD & EUR/GBP: Key Support Levels Under Pressure

November 14, 2024

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

December 14, 2024

Oil and natural gas: Oil price fell to...

September 5, 2024

EUR/USD and EUR/GBP Analysis: A Sharp Drop

November 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

    • BHP Faces AU$1.3 Billion Wage Adjustment for Queensland Coal Miners

      July 11, 2025
    • ​Royal Gold to Create Streaming and Royalty Giant in US$3.7 Billion Deal

      July 11, 2025
    • Chris Berry: The West Must Invest in Refinement Now or Fall Further Behind

      July 11, 2025
    • Torex Gold Moves Beyond Single-Asset Status With Reyna Silver Takeover

      July 11, 2025
    • Ekin Ober on Why AI Could Be Mining’s Most Valuable Tool Yet

      July 11, 2025
    Promotion Image

    banner ads

    Categories

    • Business (764)
    • Economy (829)
    • Investing (2,387)
    • 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