EURUSD is attacking stubborn resistance-Analysis-08-08-2025
AI Summary
- EURUSD is showing strong gains and attacking resistance at 1.1670, supported by bullish momentum and trading above EMA50
- Bullish signals on the RSI indicate potential for more gains on an intraday basis once resistance is breached
- BestTradingSignal.com offers professional trading signals for US stocks, crypto, forex, and VIP signals for various markets, with subscription options starting from €44/month
The (EURUSD) settled with strong gains in its last intraday trading, attacking the stubborn significant resistance at 1.1670, amid the dominance of strong bullish wave on the short-term basis, supported by its trading above EMA50, indicating the continuation of the positive momentum.
This trend is supported by the bullish overlapping signals on the (RSI), after offloading the overbought condition, opening the way for achieving more of the gains on the intraday basis, waiting for clear breach for the resistance to open the way for higher targets.
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Evening update for Bitcoin (BTCUSD) -07-08-2025
The (BTCUSD) rose in its last intraday trading, in attempt to gain positive momentum to help it to achieve strong bullish wave, amid the continuation of the positive support that comes from its trading above EMA50, under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, besides the emergence of the positive signals on the (RSI), after its success in offloading its overbought conditions.
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Evening update for crude oil -07-08-2025
The (crude oil) price declined in its last intraday trading, preparing to break the current support level at $63.35, after its success in its previous trading in offloading some of its clear oversold conditions on the (RSI), increasing the negative pressure to record more of the losses on the near-term basis, amid the dominance of minor bearish wave on the short-term basis.
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Evening update for Gold -07-08-2025
The (Gold) price continued its fluctuated trading in its last intraday levels, taking advantage from the dynamic support that is represented by its trading above EMA50, and under the dominance of minor bullish wave on the short-term basis, on the other hand, we notice the emergence of the negative signals on the (RSI), after reaching overbought levels, attempting to gain bullish momentum that might assist it to breach its near resistance.
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