Evening update for Bitcoin -07-08-2026

Crude Oil prices rose during the latest intraday trading, retesting the resistance of a bearish corrective trend line on the short-term basis, amid the continuation of the negative pressure that comes from its trading below EMA50, which represents a dynamic resistance that reduces the chances of sustained recovery in the near upcoming period, especially with the emergence of the negative signals from the relative strength indicators after reaching overbought levels.

Gold witnessed fluctuating trading in the last intraday levels, to settle with strong and consecutive gains, affected by breaching the main resistance at $4,300, to gather the gains of its previous rises, amid the dominance of strong bullish wave on the short-term basis, with the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the chances for extending these gains, especially with the emergence of the positive signals from the relative strength indicators.

The EURUSD pair rose in its last intraday trading, attacking the resistance level at 1.1555, this resistance was expected target in our previous analysis, supported by its continued trading above EMA50, with the emergence of the positive signals from the relative strength indicators, after forming positive divergence that reinforced the ability of the pair to achieve these gains, amid the dominance of the bullish corrective trend on the short-term basis.