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EURUSD attempts to offload its oversold conditions -Analysis-08-07-2025

Economies.com
2025-07-08 03:04AM UTC
AI Summary
  • EURUSD rose in last intraday trading after rebounding from critical support level of 1.1685
  • Positive momentum helped recover losses and offload oversold conditions on RSI
  • Price retesting key resistance at 1.1745 and facing obstacle at EMA50, further rise depends on breach above it

The (EURUSD) rose in its last intraday trading, after its success to rebound from the critical support level of 1.1685 that represents our yesterday’s target, this rise came after gaining clear positive momentum that assisted it to recover some of its losses, and attempts to offload some of the clear oversold conditions on the (RSI) especially, with the appearance of the positive signals from them.

 

The price retests the key resistance at 1.1745, accompanied with its reach to the resistance of EMA50, which forms an obstacle against the continuation of the rise, unless confirming a breach above it.

 

 

Evening update for Bitcoin (BTCUSD) -07-07-2025

Economies.com
2025-07-07 17:31PM UTC

The (BTCUSD) declined in the last intraday levels, amid the emergence of the negative signals on the (RSI), after reaching overbought levels, exhausting its positive chances that might assist it to recover, to lean on the support level at $108,000, accompanied by its lean on the support of EMA50.

 

 

Evening update for crude oil -07-07-2025

Economies.com
2025-07-07 17:31PM UTC

The (crude oil) extended its gains in its last intraday trading, to settle above the resistance level at $66.00, supported by its continuous trading above its EMA50, with the emergence of the positive signals on the (RSI), after reaching oversold levels, reinforcing the positive scenario.

 

 

Evening update for Gold -07-07-2025

Economies.com
2025-07-07 17:31PM UTC

The (Gold) rose in its last intraday trading, after reaching our morning target at the support at $3,295, gaining positive momentum due to the stability of this support, especially with the beginning of the positive signals on the (RSI), after reaching oversold levels, to surpass the resistance of its EMA50, to surpass its negative pressure.

 

 

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1689 (2025-07-08 14:15PM UTC)