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EURUSD erases last weekend’s gains -Analysis-28-08-2025

Economies.com
2025-08-28 01:46AM UTC
AI Summary
  • EURUSD saw a strong rise in intraday trading, supported by positive signals on the RSI, but indicators reaching overbought levels may signal a potential end to the bullish momentum.
  • The price reached resistance at EMA50, which could lead to selling pressure and a test of support levels if it fails to surpass this resistance.
  • BestTradingSignal.com offers professional trading signals for US stocks, cryptocurrencies, forex, and VIP signals for various markets starting at €44/month.

The (EURUSD) rose strongly in its last intraday trading, due to the stability of the critical support at 1.1590, supported by the emergence of the positive signals on the (RSI), that pushed it to recover big part of its previous losses, however these indicators reached overbought levels, indicating that the bullish momentum might disappear.

 

The price reached the resistance of EMA50, which limited its gains and kept the selling pressure possible in the upcoming period, indicating a critical technical situation, which might force the price to test near support levels if it failed to surpass this resistance.

 

 

 

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Evening update for Bitcoin (BTCUSD) -27-08-2025

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

The (BTCUSD) rose in its last intraday trading, to retest the key resistance at $112,000, amid the continuation of the negative pressure that comes from its trading below EMA50, and under the dominance of the bearish trend on the short-term basis and its trading alongside abias line, besides the emergence of the negative signals on the (RSI), after reaching overbought levels, which weakens the possibility for the price recovery.

 

 

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Evening update for crude oil -27-08-2025

Economies.com
2025-08-27 17:02PM UTC

The (crude oil) soars higher in its last intraday trading, due to its lean on the support of EMA50, and under the dominance of bullish correctional wave on the short-term basis, gaining positive momentum that helped it to achieve these gains, accompanied by the formation of bullish divergence on the (RSI), after reaching oversold levels, with the emergence of the positive signals from there.

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Evening update for Gold -27-08-2025

Economies.com
2025-08-27 17:00PM UTC

The (Gold) price wore green in its last intraday trading, supported by its continuous trading above EMA50, under the dominance of a minor bullish wave on a short-term basis and its trading alongside a supportive bias line for this trend, besides the emergence of the positive signals on the (RSI), after reaching oversold levels.

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