Connect with us

Hi, what are you looking for?

Smart Success Strategy – Investing and Stock NewsSmart Success Strategy – Investing and Stock News

Economy

Check Out The Current Euro Index Level Above 1035.00

Check Out The Current Euro Index Level Above 1035.00

This week, the euro index got its support on Wednesday at the 1031.0 level.
The yen index fell to a new February low at 752.2 this morning.

Euro index chart analysis

This week, the euro index got its support on Wednesday at the 1031.0 level. After that, we start a bullish consolidation and climb above 1034.0 by the end of the day. Yesterday, we saw a continuation of the growth up to the 1036.0 level. During the previous Asian trading session, the index encountered resistance in that zone and began to retreat to the 1035.0 level.

Now, in this zone, we are watching how it will behave near the EMA200 moving average. Yesterday’s attempt to pull under it was stopped, and today, we are looking at a new attempt.

If the euro receives the support of the moving average, it will have good support for a larger recovery and growth on the bullish side. The potential higher targets are the 1037.0 and 1038.0 levels.

Yen index chart analysis

The yen index fell to a new February low at 752.2 this morning. Yesterday, we saw a lot of pressure on the yen and the zone around the 760.0 level. We couldn’t hold on there, and a pullback to this morning’s low followed.

We are holding above that level for now, but we need another positive consolidation to trigger the recovery. By moving above 754.0, we would have the opportunity to start growth with the next impulse.

Potential higher targets are 756.0 and 758.0 levels. A new push to 752.0 would again increase the pressure on the yen to start a new pullback. A break below forms a new lower low; thus, we get a confirmation of the bearish trend. Potential lower monthly targets are 750.0 and 748.0 levels.

The post Check Out The Current Euro Index Level Above 1035.00 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

    The energy revolution is here to stay, and electric vehicles (EVs) have become part of the mainstream narrative. Despite geopolitical tensions and uncertainty, the...

    Editor's Pick

    Overview Mexico’s Sinaloa state hosts a number of prolific silver and gold mines, including McEwen Mining’s (TSX:MUX) El Gallo Complex, Americas Gold and Silver’s...

    Editor's Pick

    Uranium is an important energy sector commodity, and its rising value has attracted investor interest. 2023 has seen uranium prices solidly above the important...

    Investing

    A new survey shows that the presidential race between former President Donald Trump and President Biden is thin, but Biden faces a deficit in...

    Disclaimer: smartsuccessstrategy.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 smartsuccessstrategy.com