Wall Street Jedi
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Wall Street Jedi
No Result
View All Result
Home Economy

EURUSD and GBPUSD: EURUSD stabilizes before the ECB report

by
October 14, 2024
in Economy
0
EURUSD and GBPUSD: EURUSD stabilizes before the ECB report
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

EURUSD and GBPUSD: EURUSD stabilizes before the ECB report

During this morning’s Asian trading session, EURUSD made a retreat to the 1.09154 level
During this morning’s Asian trading session, GBPUSD was under pressure to a new low of 1.30400

EURUSD chart analysis

During this morning’s Asian trading session, EURUSD made a retreat to the 1.09154 level. After receiving new support at that level, the pair starts with bullish consolidation up to the 1.09320 level. We are on our way to return to the weekly open level and climb to the positive side. If we can do that, the chances of seeing further progress with the help of the EMA 50 moving average increase.

Potential higher targets are 1.09500 and 1.09600 levels. For a bearish option, we need a negative consolidation and pullback of EURUSD to the 1.09200 support zone. This time, we expect the euro to take a step lower to a new daily low. Potential lower targets are 1.09150 and 1.09100 levels. We also do not rule out testing last week’s low at the 1.09000 level.

 

GBPUSD chart analysis

During this morning’s Asian trading session, GBPUSD was under pressure to a new low of 1.30400. After that, we saw the initiation of a bullish consolidation of the pound back to the daily open level. Here, we hope that EMA 50’s moving average support will stay on the bullish side for continued recovery. Potential higher targets are 1.30800 and 1.30900 levels.

For a bearish option, we need a negative consolidation and a new pullback of GBPUSD down to the support zone. This time, we hope that the pound will not hold and will make an impulse down to a new daily low. Potential lower targets are 1.30300 and 1.30200 levels. Tomorrow’s news on British inflation could determine the next trend of GBPUSD. Expectations are that we will see a drop in inflation, which should signal the Bank of England to continue cutting interest rates.

 

The post EURUSD and GBPUSD: EURUSD stabilizes before the ECB report appeared first on FinanceBrokerage.

Previous Post

The dollar index is in a good position to remain bullish

Next Post

USDCHF and USDJPY: New Targets and Prices for the New Week

Next Post
USDCHF and USDJPY: New Targets and Prices for the New Week

USDCHF and USDJPY: New Targets and Prices for the New Week

  • Trending
  • Comments
  • Latest
American creating deepfakes targeting Harris works with Russian intel, documents show

American creating deepfakes targeting Harris works with Russian intel, documents show

October 23, 2024
Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

October 28, 2024
Israel stocks lower at close of trade; TA 35 down 0.23%

Israel stocks lower at close of trade; TA 35 down 0.23%

October 6, 2024
Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

October 31, 2024
Tesla agrees to first deal to build China’s largest grid-scale battery power plant

Tesla agrees to first deal to build China’s largest grid-scale battery power plant

0
Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

0
PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

0
East and Gulf coast ports shut down as thousands of workers go on strike

East and Gulf coast ports shut down as thousands of workers go on strike

0
Tesla agrees to first deal to build China’s largest grid-scale battery power plant

Tesla agrees to first deal to build China’s largest grid-scale battery power plant

June 21, 2025
Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

June 20, 2025
Apple looking to make ‘premium’-priced folding iPhones starting next year, analyst says

Apple looking to make ‘premium’-priced folding iPhones starting next year, analyst says

June 20, 2025
Nike pushes back Skims launch with Kim Kardashian due to production delays

Nike pushes back Skims launch with Kim Kardashian due to production delays

June 19, 2025

Recent News

Tesla agrees to first deal to build China’s largest grid-scale battery power plant

Tesla agrees to first deal to build China’s largest grid-scale battery power plant

June 21, 2025
Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

June 20, 2025
Apple looking to make ‘premium’-priced folding iPhones starting next year, analyst says

Apple looking to make ‘premium’-priced folding iPhones starting next year, analyst says

June 20, 2025
Nike pushes back Skims launch with Kim Kardashian due to production delays

Nike pushes back Skims launch with Kim Kardashian due to production delays

June 19, 2025

Disclaimer: WallStreetJedi.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.

  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 wallstreetjedi.com | All Rights Reserved

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

Copyright © 2025 wallstreetjedi.com | All Rights Reserved