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EURUSD price declined within bullish channel’s range-Analysis-02-12-2025

Economies.com
2025-12-02 02:02AM UTC

The (EURUSD) price declined in its last intraday trading, after reaching key resistance at 1.1650, with represents our previously expected target. This bearish rebound is to look for new rising low for regaining the required bullish momentum to resume the recovery, especially with its attempt to offload the overbought conditions on the relative strength indicators.

 

The price remains moving within bullish corrective channel’s range on the short-term basis, which provides technical support despite the intraday pressures that come from testing the mentioned resistance, the trading within this channel might support regaining the bullish track.

 

 

Evening update for Bitcoin (BTCUSD) -01-12-2025

Economies.com
2025-12-01 18:32PM UTC

The (BTCUSD) price declined in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis, with the continuation of negative pressure due to its trading below EMA50, the last decline came despite the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, indicating the volume and strength of the negative momentum.

 

 

Evening update for crude oil -01-12-2025

Economies.com
2025-12-01 18:30PM UTC

The (crude oil) witnessed fluctuated trading on its last intraday levels, amid the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, which reduced the upsides track, amid the continuation of the dynamic support that is represented by its trading above EMA50, affected by the positive technical double bottom pattern on the short-term basis.

 

 

Evening update for Gold -01-12-2025

Economies.com
2025-12-01 18:27PM UTC

(Gold) declined in its last intraday trading, attempting to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to recover and rise again, attempting to offload some of its overbought conditions on the relative strength indicators, with the emergence of the negative signals from there, amid the dominance of the main bullish trend on the short-term basis and its trading alongside main and minor trend lines.