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EURUSD attempts to offload its overbought condition -Analysis-29-08-2025

Economies.com
2025-08-29 01:53AM UTC
AI Summary
  • EURUSD experienced a slight decline in intraday trading, attempting to offload its overbought condition and gain bullish momentum
  • Price remains supported by trading above EMA50 and minor bullish wave, with expectations of a rise if it settles above 1.1665 resistance
  • BestTradingSignal.com offers professional trading signals for US stocks, crypto, forex, and VIP signals for various markets starting at €44/month

The (EURUSD) declined in its last intraday trading, in a natural profit taking move after its previous rise, attempting to gain bullish momentum that might support it to return to rise again, accompanied by the attempts of the price to offload the clear overbought conditions on the (RSI), after reaching exaggerated high levels.

 

Despite this slight decline, the price remains supported by its trading above EMA50, besides the dominance of minor bullish wave on the short-term basis, keeping the expectations valid unless it loses its current support levels.

 

Therefore, our expectations suggest a rise in the (EURUSD) price in its upcoming intraday trading, if it settles above 1.1665 resistance, to target the critical resistance level at 1.1730.

 

The expected trading range is between 1.1630 support and 1.1730 resistance.

 

Today’s forecast: Bullish

 

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Evening update for Bitcoin (BTCUSD) -28-08-2025

Economies.com
2025-08-28 17:28PM UTC

The (BTCUSD) found difficulty in extending its gain in its last intraday trading, as it reached the resistance of its EMA50, accompanied by testing a bullish momentum that might help it to surpass the negative pressure, after its succeeded in breaching the critical resistance at $112,00, with the emergence of the positive signals on the (RSI).

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Evening update for crude oil -28-08-2025

Economies.com
2025-08-28 17:28PM UTC

The (crude oil) slipped lower in its last intraday trading, amid its attempts to look for a rising low to take it as a base to gain the required positive momentum to recover, amid the dominance of bullish correctional wave on the short-term basis, with the continuation of the positive pressure that comes from its trading above EAM50, noticing the (RSI) reach to the oversold levels, exaggeratedly compared by the price move.

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Evening update for Gold -28-08-2025

Economies.com
2025-08-28 17:27PM UTC

The (Gold) price extended its gains in its last trading on the intraday basis, breaching its main resistance level at $3,400, amid the dominance of the bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive pressure that comes from its trading above EMA50, besides the emergence of the positive signals on the (RSI), despite reaching overbought levels.

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