Connect with us

Hi, what are you looking for?

Real Investment StarReal Investment Star

Economy

EURUSD and GBPUSD: EURUSD makes a jump above EMA200

EURUSD and GBPUSD: EURUSD makes a jump above the EMA200

At the beginning of this morning’s Asian trading session, EURUSD made a bullish gap from 1.07130 to 1.07400.
During this morning’s Asian trading session GBPUSD was in a bullish run. 

EURUSD chart analysis

At the beginning of this morning’s Asian trading session, EURUSD made a bullish gap from 1.07130 to 1.07400. After that, the pair manages to stay up there and move further to the bullish side. Now, the euro is at the 1.07645 level, and there are good opportunities for it to continue growing until the end of the day. Potential higher targets are 1.07700 and 1.07800 levels.

For a bearish option, we need a negative consolidation pullback below the 1.07500 level. With that step, we would move away from today’s high, which would increase the bearish pressure. After that EURUSD could close the gap it made at the opening of the Asian session. Potential lower targets are 1.07300 and 1.07200 levels. Additional support in the 1.07200 zone is the EMA200 moving average.

 

GBPUSD chart analysis

During this morning’s Asian trading session GBPUSD was in a bullish run. Good support at the 1.26500 level influenced us to see a bullish consolidation and a jump to the 1.26800 level. On the positive side, we have crossed the EMA200 moving average, which was a resistance for the previous two weeks. If GBPUSD manages to hold above the EMA200, it will have a good chance of continuing to the bullish side.

Potential higher targets are 1.26900 and 1.27000 levels. Last week we had strong resistance in the 1.27000 zone. For a bearish option, we need a negative consolidation and a return below the EMA200 and 1.26600 levels. By going below, we return to the bearish side, which will only increase the pressure on GBPUSD to start a further retreat. Potential lower targets are 1.26500 and 1.26400 levels.

 

The post EURUSD and GBPUSD: EURUSD makes a jump above EMA200 appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    ERP or Enterprise Resource Planning solutions help businesses of all sizes manage their daily business operations. First used in the 1990s, ERP systems have...

    Investing

    Democratic Gov. Janet Mills on Wednesday vetoed a bill aimed at prohibiting foreign influence in Maine elections, but voters will get the final say...

    Latest News

    There were several reasons offered in support of the congestion pricing plan that was supposed to go into effect in New York at the...

    Latest News

    House Speaker Mike Johnson (R-La.) on Wednesday appointed Reps. Scott Perry (R-Pa.) and Ronny Jackson (R-Tex.), two Trump loyalists who denied the results of...

    Disclaimer: realinvestmentstar.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 realinvestmentstar.com