• About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • Email Whitelisting
Saturday, September 30, 2023
United for Profit
  • Personal Finance
  • Cryptocurrency
  • Strategy
  • Business
  • Retirement
No Result
View All Result
  • Personal Finance
  • Cryptocurrency
  • Strategy
  • Business
  • Retirement
No Result
View All Result
United for Profit
No Result
View All Result
Home Retirement

EURUSD and GBPUSD: Euro drops to 1.07000 support level

by
May 26, 2023
in Retirement
0
EURUSD and GBPUSD: Euro drops to 1.07000 support level
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

EURUSD and GBPUSD: Euro drops to 1.07000 support level

Yesterday we saw the formation of a new lower low at the 1.07066 level. 
The pound fell yesterday to a new low for this month at the 1.23070 level.

EURUSD chart analysis

Yesterday we saw the formation of a new lower low at the 1.07066 level. EURUSD manages to consolidate at that level and recover during the Asian session to the 1.07400 level. We currently have resistance at that level, and the pair is pulling back to the 1.07300 support level.

Here we could now form a higher low from which to start the continuation of the recovery. Potential higher targets are 1.07500 and 1.07600 levels. Looking at the technical indicators, we have support in the Kijun and Kama lines, and the main target is the EMA50 at the 1.08000 level. With the breakout below, we continue the retreat to a new lower low.

GBPUSD chart analysis

The pound fell yesterday to a new low for this month at the 1.23070 level. We can say that we tested the 1.23000 level. During the Asian trading session, GBPUSD continued to recover and climbed to 1.23600 levels. We now have a smaller hold in that zone and need a positive consolidation to continue on the bullish side.

Potential higher targets are 1.23800 and 1.24000 levels. In the area around the 1.24000 level, we encounter a possible higher resistance in the EMA50 moving average.

The post EURUSD and GBPUSD: Euro drops to 1.07000 support level appeared first on FinanceBrokerage.

Previous Post

Shiba Inu (SHIB) Price Slump Leaves Over 1 Million Wallets In The Red Zone

Next Post

Weekly news summary for May 19 to May 25

Next Post
Weekly news summary for May 19 to May 25

Weekly news summary for May 19 to May 25

Exchange Rate

Exchange Rate USD: Sat, 30 Sep.

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • Email Whitelisting

Copyright © 2023 UnitedForProfit. All Rights Reserved.

Disclaimer: UnitedForProfit.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.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Marketbeat Verification
  • MB2
  • Privacy Policy
  • Privacy Policy & Important Disclaimer
  • Terms & Conditions
  • Thank You

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.