EURUSD and GBPUSD: EURUSD is moving above 1.07250 level

<div><img width="1000" height="707" src="https://www.financebrokerage.com/wp-content/uploads/2022/07/shutterstock_111019364-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="euro" decoding="async" loading="lazy" /></div><h1><b>EURUSD and GBPUSD: EURUSD is moving above 1.07250 level</b></h1>
<ul>
<li aria-level="1"><span>During the Asian trading session, EURUSD was in a bullish consolidation up to 1.07400. </span></li>
<li aria-level="1"><span>During the Asian trading session, GBPUSD was in a bullish consolidation from the 1.24460 level.</span></li>
</ul>
<h2><b>EURUSD chart analysis</b></h2>
<p><span>During the Asian trading session, EURUSD was in a bullish consolidation up to 1.07400. In the EU session, we encounter resistance, and the pair begins a new retreat, currently descending to the 1.07250 level. We will try to look for support at the 1.07200 level and start a new bullish consolidation from there. Potential higher targets are 1.07500 and 1.07600 levels. We will have additional pressure at the 1.07600 level in the EMA50 moving average.</span></p>
<p><span>We need a negative consolidation and a new <a href="https://www.financebrokerage.com/usdchf-and-usdjpy-usdchf-is-in-a-big-pullback-to-0-89000/">pullback</a> to the 1.07000 level for a bearish option. We would be in the support zone again and could test 1.06860, the previous low. Potential lower targets are 1.06600 and 1.06500 levels.</span></p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-225433 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/020NepVT-1024×620.jpg" alt="EURUSD Chart Analysis" width="1024" height="620" /></p>
<h2><b>GBPUSD chart analysis</b></h2>
<p><span>During the Asian trading session, GBPUSD was in a bullish consolidation from the 1.24460 level. Formoran is a new daily high at the 1.25300 level, after which we see resistance at that level and the beginning of a new pullback. We are on our way to visit the 1.25000 support level again. A break below could see us see another test of last week’s low at the 1.24460 level. Potential lower targets are 1.24250 and 1.2400 levels.</span></p>
<p><span>We need a positive consolidation and a move to the 1.25500 level for a bullish option. In that zone, we encounter the EMA50 moving average, which could increase the pressure on the pound. A break above would have a positive effect, and we would probably see a further continuation to the bullish side. Potential higher targets are 1.26000 and 1.26250 levels.</span></p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-225434 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/020NepVT-1-1024×620.jpg" alt="GBPUSD Chart Analysis" width="1024" height="620" /></p>
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://www.financebrokerage.com/eurusd-and-gbpusd-eurusd-is-moving-above-1-07250-level/">EURUSD and GBPUSD: EURUSD is moving above 1.07250 level</a> appeared first on <a rel="nofollow" href="https://www.financebrokerage.com">FinanceBrokerage</a>.</p>