Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Copper Soars to All-Time High as Trump Unveils...
Radisson Announces Positive Preliminary Economic Assessment for O’Brien...
Triumph Gold
Sranan Gold Provides Progress Update on Drilling Campaign...
Maritime Resources
Completion of Tranche 1 Equity Placement & Cleansing...
5 Silver Stocks With Dividends
Placement Shares Issued & Drilling Approval Expected August
Drilling recommences at Yunndaga
Mark O’Byrne: Gold, Silver Prices Going Much Higher...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Economy

The Euro index has a new opportunity to be bullish

by admin September 6, 2024
September 6, 2024
The Euro index has a new opportunity to be bullish

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.

previous post
Nifty retreats while German 40 rises to new all-time high
next post
Ripple and Tron: Tron retreated to a new low on Wednesday

You may also like

Sanofi Stock Report: 14.4% Income Growth Amid Restructuring

October 26, 2024

USDCAD and USDCNH: USDCAD continues to slide to...

August 23, 2024

US Presidential Election: Harris, Trump & Debate

August 5, 2024

S&P 500 and Nasdaq under heavy bearish pressure...

September 10, 2024

USDCAD and USDCNH: USDCAD stopped at 1.37200

August 9, 2024

Goldman Sachs Kostin Warns of a Potential S&P...

March 15, 2025

Could Bitcoin Reach $200000? Market & Expert Insights

February 27, 2025

Bitcoin is increasingly stable above support at $62500

September 25, 2024

Quantum Computing Investments: Opportunities & Risks

January 31, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 23, 2025

    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

    • Copper Soars to All-Time High as Trump Unveils 50 percent Tariff on Imports

      July 10, 2025
    • Radisson Announces Positive Preliminary Economic Assessment for O’Brien Gold Project

      July 10, 2025
    • Triumph Gold

      July 10, 2025
    • Sranan Gold Provides Progress Update on Drilling Campaign at the Tapanahony Gold Project in Suriname

      July 10, 2025
    • Maritime Resources

      July 10, 2025
    Promotion Image

    banner ads

    Categories

    • Business (760)
    • Economy (829)
    • Investing (2,378)
    • 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