• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy EURUSD and GBPUSD: EURUSD stabilizes before the ECB report
Economy

EURUSD and GBPUSD: EURUSD stabilizes before the ECB report

by October 14, 2024
by October 14, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

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.

You Might Also Like
  • Alabama lawmakers approve harsher penalties for trafficking fentanyl
  • More classified documents found at Biden’s home week after White House said search was ‘complete’
  • Hunter Biden to plead not guilty to federal gun charges
  • White House: Biden takes classified info ‘very seriously’ as more docs turn up: ‘searched their sock drawer’
Share
0
FacebookTwitterPinterestWhatsapp

previous post
USDCHF and USDJPY: New Targets and Prices for the New Week
next post
Oil and Natural Gas: New Targets and Prices for this Week

You may also like

Speaker Johnson criticizes Secret Service director for RNC appearance: ‘Why...

July 18, 2024

How Media Bias Caused the Moral Panic Surrounding Climate Change

November 28, 2022

NY v. Trump: Judge reveals Facebook post implying juror discussed...

June 8, 2024

Pharmacist GOP Rep Carter urges Biden to take cognitive test...

June 24, 2024

Biden’s shifting support of Israel in his own words: from...

March 29, 2024

North Korea ceases broadcast of coded messages to spies in...

January 14, 2024

Solana and Cardano: Cardano at a new September high

September 26, 2024

AIER’s Everyday Price Index Falls for the Fourth Time in...

December 13, 2022

One of Trump’s most controversial campaign managers is back but...

May 22, 2024

Sen Ernst urges Biden admin to protect Jewish college students...

October 27, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Nvidia results spark global chip rally

      May 30, 2025
    • Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says

      May 29, 2025
    • Nuclear Power Trio: OKLO, SMR, and CCJ in Focus

      May 29, 2025
    • Analyzing SIL, USO, and NVDA: Could These Bullish Patterns Trigger?

      May 29, 2025
    • E.l.f. Beauty to acquire Hailey Bieber skin care brand Rhode in up to $1 billion deal

      May 29, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,763 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,470 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,449 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,429 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,306 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,104)
    • Investing (538)
    • Stock (2,578)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Nvidia results spark global chip rally

      May 30, 2025
    • Boeing to resume airplane deliveries to China next month, ramp...

      May 29, 2025
    • Nuclear Power Trio: OKLO, SMR, and CCJ in Focus

      May 29, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,104)
    • Investing (538)
    • Stock (2,578)

    Disclaimer: RoundTableThoughts.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 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    As Biden documents probe unfolds, Americans...

    January 18, 2023

    Sen. Rand Paul says criticism of...

    October 5, 2023

    Cruz calls Hamas attacks on Israel...

    October 10, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here