Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

EURUSD price is on the verge of breaking a key support level- Analysis-05-02-2026

Economies.com
2026-02-05 02:31AM UTC

The (EURUSD) price declined in its last intraday trading, approaching breaking the key support at 1.1800, as a signal for increasing the selling pressure on short-term basis. This decline comes amid the dominance of bearish corrective wave that limits the recovery attempts and press on the current trading.

 

These pressures increase with the continuation of the trading below EMA50, which represents a dynamic resistance that reinforces the negativity, accompanied by the emergence of negative signals from relative strength indicators, preferring the possibility of breaking the mentioned support if the negative momentum continued in the upcoming trading.

 

 

Evening update for Bitcoin -04-02-2026

Economies.com
2026-02-04 15:16PM UTC

The (BTCUSD) price rose slightly in its last intraday trading, due to the stability of the key support at $74,000, gaining bullish momentum that helped it to achieve these cautious gains, amid the continuation of the negative pressure due to its trading below EMA50, under the dominance of the main bearish trend on short-term basis, noticing the beginning of negative overlapping signals emergence from relative strength indicators.

 

 

Evening update for crude oil -04-02-2026

Economies.com
2026-02-04 15:13PM UTC

The (crude oil) price rose in its last intraday trading, after its leaning on EMA50’s support, gaining some bullish momentum that helped it achieve these gains, preparing to reach the current resistance at $63.50, taking advantage of its trading alongside bullish trend line on short-term basis, besides offloading its overbought conditions on relative strength indicators, opening the way for extending the gains in the intraday basis.

 

 

Evening update for gold -04-02-2026

Economies.com
2026-02-04 15:10PM UTC

Gold price declined in its last intraday trading, to settle below $5,000 resistance, as it reached EMA50’s resistance, which forced it to rebound lower especially with the emergence of the negative signals from relative strength indicators, after reaching overbought levels, besides the dominance of bearish corrective wave on short-term basis.