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EURUSD breaks critical support -Analysis-09-05-2025

Economies.com
2025-05-09 02:50AM UTC

The EURUSD settled on a decline in its recent intraday trading, confirming breaking the critical support at 1.1260, reinforcing the continuation of the dominant bearish correctional trend on the short-term basis with the price’s trading alongside the bias line.

 

The pair is still facing extra technical pressure, with its stability below EMA50, besides the continuation of the negative signals emerging on the (RSI), despite its stability within the oversold levels, which indicates the weakness of the positive momentum.

 

 

Evening update for bitcoin -08-05-2025

Economies.com
2025-05-08 17:48PM UTC

The bitcoin price continued the rise in its last intraday trading, supported by the emergence of the positive signals on the (RSI), to surpass the resistance of its EMA50, attacking the critical resistance at $59.65, accompanied by its attempt to breach the main bearish trend line on the short-term basis.

 

 

Evening update for crude oil -08-05-2025

Economies.com
2025-05-08 17:49PM UTC

The crude oil price continued the rise in its last intraday trading, supported by the emergence of the positive signals on the (RSI), to surpass the resistance of its EMA50, attacking the critical resistance at $59.65, accompanied by its attempt to breach the main bearish trend line on the short-term basis.

Evening update for gold -08-05-2025

Economies.com
2025-05-08 17:27PM UTC

The gold price continued the decline in its last intraday trading, leaning on the main support level at $3,300, accompanied by its lean on the support level of its EMA50, reinforcing the strength of this area as a support against testing it, amid the dominance of the bullish trend on the short-term basis and its trading along side the bias line, besides reaching the (RSI) indicators to oversold levels.