EURUSD flirts with a key resistance amid positive technical signals-Analysis-11-08-2025
AI Summary
- EURUSD is attempting to breach key resistance at 1.1670, forming a positive technical formation on a short-term basis
- Expectations suggest a rise in trading, especially upon breaching resistance at 1.1670, with a target of 1.1770
- The expected trading range is between 1.1595 support and 1.1730 resistance, with a bullish forecast for the day
The (EURUSD) rose in its last intraday trading, amid its attempts to gain a bullish momentum that might assist it to breach the key and stubborn resistance at 1,1670, to indicate forming positive technical formation on the short-term basis which is the flag pattern, amid the continuation of the positive pressure that comes from its trading above EMA50, with the emergence of the positive signals on the (RSI).
Therefore, our expectations for the (EURUSD) suggest a rise in the upcoming trading, especially when breaching the mentioned resistance at 1.1670, to target its critical resistance level at 1.1770.
The expected trading range is between 1.1595 support and 1.1730 resistance.
Today’s forecast: Bullish
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Evening update for Bitcoin (BTCUSD) -08-08-2025
The (BTCUSD) declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), after reaching overbought levels to attempt to offload this overbought condition, and gaining positive momentum that might assisted it to recover and settle again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive support that comes from its trading above EMA50, reinforcing the positive scenario on the near-term basis.
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Evening update for crude oil -08-08-2025
The (crude oil) price is fluctuating, amid the dominance of minor bearish wave and its trading alongside a bearish bias line, indicating the dominance of this track, with the continuation of the negative pressure that comes from its trading below EMA50, on the other hand, the price attempts to offload its clear oversold levels on the (RSI), and it succeeded to enter overbought levels, indicating the weakness of this positive momentum.
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Evening update for Gold -08-08-2025
The (Gold) price witnessed fluctuated trading in its last intraday levels, amid its attempts to breach the main resistance level at $3,400, supported by the dominance of minor bullish wave on the short-term basis, taking advantage of the dynamic support that is represented by its trading above EMA50, besides the emergence of the positive signals on the (RSI).
Therefore, our expectations suggest a rise in the (Gold) price in its upcoming intraday trading, especially when breaching the mentioned resistance at $3,4000, targeting its next resistance at $3,430.
The expected trading range for today is between $3,360 support and $3,420 resistance.
Today’s forecast: Bullish