Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Cygnus Metals Limited: Issue of Performance Rights
FPX Nickel Announces Share-Based Compensation Grant
Blue Lagoon Resources Officially Opens Dome Mountain Gold...
Crypto Market Recap: Bitcoin Hits All-Time High as...
DoD Invests US$400 Million in Rare Earth Firm...
JZR Gold Inc. Announces Private Placement Offering of...
Top 5 Canadian Mining Stocks This Week: Avanti...
Trump’s tariffs on Brazil could make your coffee...
BHP Faces AU$1.3 Billion Wage Adjustment for Queensland...
​Royal Gold to Create Streaming and Royalty Giant...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Economy

The Euro index on the bearish side since this morning

by admin August 16, 2024
August 16, 2024
The Euro index on the bearish side since this morning

The Euro index on the bearish side since this morning

  • During this morning’s Asian trading session, the Euro index initiated a bearish consolidation
  • Today, at the beginning of the Asian session, the yen index was under pressure

Euro index chart analysis

During this morning’s Asian trading session, the Euro index initiated a bearish consolidation. In the previous hour, a daily low was formed at 1049.0. We met the EMA 50 moving average there, which gives us support. The pressure on the euro is still current and could push us below the EMA 50. This step strengthens the bearish momentum, and we will see a further index retreat to a new low.

Potential lower targets are 1048.0 and 1047.0 levels. In the 1047.0 zone, we could have support in the EMA 200 moving average. For a bullish option, the Euro index needs to be maintained above the EMA 50. After stabilizing, we will have the opportunity to move to the bullish side again. Potential higher targets are 1050.0 and 1051.0 levels.

 

Yen index chart analysis

Today, at the beginning of the Asian session, the yen index was under pressure. Resistance in the EMA 200 moving average at the 756.0 level strengthened the bearish momentum. In the previous hour, news from the US market had a negative impact on the yen index. A strong, bearish impulse brought us down to 746.7 levels. We are still in that zone, and we are trying to stabilize at that level.

If we don’t succeed in that, we have to continue with the retreat. Potential lower targets are 745.0 and 744.0 levels. For a bullish option, we need a new positive consolidation of the yen index. With stabilization above 750.0, we would be in an excellent position to initiate further growth to the bullish side. Potential higher targets are 752.0 and 754.00 levels.

 

The post The Euro index on the bearish side since this morning appeared first on FinanceBrokerage.

previous post
Disney+ Terms Cited to Block Allergy Death Lawsuit
next post
USDCAD and USDCNH: USDCAD is under heavy pressure

You may also like

Gold & Silver Analysis: Key Levels & Trendline...

November 10, 2024

Quantum Computing Investments: Opportunities & Risks

January 31, 2025

Nvidia Stock Rises with DJIA Inclusion & AI...

November 12, 2024

Could Bitcoin Reach $200000? Market & Expert Insights

March 10, 2025

IBIT and the Evolution of Spot Bitcoin ETFs

August 22, 2024

EURGBP and EURCHF: EURCHF extends bullish trend

August 13, 2024

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

December 14, 2024

JEPI Stock Price And Analysis

September 18, 2024

Oil and Natural Gas: New Targets and Prices...

October 15, 2024

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

December 8, 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

    • Cygnus Metals Limited: Issue of Performance Rights

      July 12, 2025
    • FPX Nickel Announces Share-Based Compensation Grant

      July 12, 2025
    • Blue Lagoon Resources Officially Opens Dome Mountain Gold Mine in British Columbia

      July 12, 2025
    • Crypto Market Recap: Bitcoin Hits All-Time High as ETF Inflows and Legislation Align​

      July 12, 2025
    • DoD Invests US$400 Million in Rare Earth Firm MP Materials

      July 12, 2025
    Promotion Image

    banner ads

    Categories

    • Business (765)
    • Economy (829)
    • Investing (2,394)
    • 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