Revenue Agenda
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Revenue Agenda
No Result
View All Result
Home Economy

EURGBP and EURCHF: EURGBP is looking for support at 0.85200

by
June 3, 2024
in Economy
0
EURGBP and EURCHF: EURGBP is looking for support at 0.85200
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

EURGBP and EURCHF: EURGBP is looking for support at 0.85200

Last Friday, EURGBP rose to the 0.85408 level, thus breaking above the EMA200 moving average.  During this morning’s Asian trading session, EURCHF tried to hold above the 0.97800 level. 

EURGBP chart analysis

Last Friday, EURGBP rose to the 0.85408 level, thus breaking above the EMA200 moving average. This was followed by a pullback to the support of the 0.85100 level. During this morning’s Asian session, a new positive consolidation was initiated, this time to the 0.85350 level. We have resistance at that level and pull back to 0.85200 and the EMA200 moving average.

We expect to find new support here and retest at the 0.85200 level. If we succeed in this, a new positive consolidation and turn to the bullish side will follow. Potential higher targets are 0.85300 and 0.85400 levels. We need a break below the 0.85100 support level for a bearish option. After that, we move to the bearish side and will be under pressure to start a further pullback. Potential lower targets are 0.85050 and 0.85000 levels.

 

EURCHF chart analysis

During this morning’s Asian trading session, EURCHF tried to hold above the 0.97800 level. The EU session again strengthens the bearish pressure, and a new three-week low is formed at the 0.97614 level. We are currently at 0.97625 and expect a continuation of the pullback and the formation of a new lower low. Potential lower targets are 0.97400 and 0.97200 levels.

For a bullish option, we need a new positive consolidation of EURCHF and a return above the 0.97800 level. With this, we return to the positive side above the weekly open price. After that, we will have the opportunity to start the recovery with a bullish impulse. Potential higher targets are 0.98000 and 0.98200 levels. We could have additional resistance in the EMA50 and the 0.98000 zone.

 

The post EURGBP and EURCHF: EURGBP is looking for support at 0.85200 appeared first on FinanceBrokerage.

Previous Post

Euro Index and Yen Index: The yen is starting a new recovery

Next Post

AUDUSD and AUDNZD: AUDNZD continues the bearish trend 

Next Post
AUDUSD and AUDNZD: AUDNZD continues the bearish trend 

AUDUSD and AUDNZD: AUDNZD continues the bearish trend 

  • Trending
  • Comments
  • Latest
Top 10 Potash Countries by Production (Updated 2024)

Top 10 Potash Countries by Production (Updated 2024)

August 21, 2024
Top 10 Phosphate Countries by Production (Updated 2024)

Top 10 Phosphate Countries by Production (Updated 2024)

August 1, 2024
Top 10 Uranium-producing Countries (Updated 2024)

Top 10 Uranium-producing Countries (Updated 2024)

November 6, 2024
7 Biggest Lithium-mining Companies in 2024

7 Biggest Lithium-mining Companies in 2024

September 18, 2024
Thick zones of HM mineralisation observed across Douala HM Project

Thick zones of HM mineralisation observed across Douala HM Project

0
New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

0

Pennsylvania House clears tax credits for new teachers, nurses, police officers

0
Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

0
Thick zones of HM mineralisation observed across Douala HM Project

Thick zones of HM mineralisation observed across Douala HM Project

June 23, 2025
Canada Makes Tech Leadership Moves: Axl Launches, Carney Shares Priorities at G7 Summit

Canada Makes Tech Leadership Moves: Axl Launches, Carney Shares Priorities at G7 Summit

June 23, 2025
Blue Lagoon Secures $2 Million Line of Credit from Nicola Mining Enhancing Financial Flexibility Ahead of Production

Blue Lagoon Secures $2 Million Line of Credit from Nicola Mining Enhancing Financial Flexibility Ahead of Production

June 23, 2025
LaFleur Minerals Advancing Restart of Beacon Gold Mill and Bulk Sample for Swanson Gold Project

LaFleur Minerals Advancing Restart of Beacon Gold Mill and Bulk Sample for Swanson Gold Project

June 23, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

Error: Contact form not found.

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!

Recent News

Thick zones of HM mineralisation observed across Douala HM Project

Thick zones of HM mineralisation observed across Douala HM Project

June 23, 2025
Canada Makes Tech Leadership Moves: Axl Launches, Carney Shares Priorities at G7 Summit

Canada Makes Tech Leadership Moves: Axl Launches, Carney Shares Priorities at G7 Summit

June 23, 2025
Blue Lagoon Secures $2 Million Line of Credit from Nicola Mining Enhancing Financial Flexibility Ahead of Production

Blue Lagoon Secures $2 Million Line of Credit from Nicola Mining Enhancing Financial Flexibility Ahead of Production

June 23, 2025
LaFleur Minerals Advancing Restart of Beacon Gold Mill and Bulk Sample for Swanson Gold Project

LaFleur Minerals Advancing Restart of Beacon Gold Mill and Bulk Sample for Swanson Gold Project

June 23, 2025
  • About us
  • Privacy Policy
  • Terms & Conditions
  • About us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 revenueagenda.com | All Rights Reserved

No Result
View All Result
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy

Copyright © 2025 revenueagenda.com | All Rights Reserved