Evening update for EURUSD -07-08-2025
AI Summary
- EURUSD managed to shrink losses on last intraday trading, gaining positive momentum in bearish trading due to stability of resistance at 1.1670
- BestTradingSignal.com offers high-accuracy trading signals for US stocks, crypto, forex, and VIP signals for gold, oil, forex, bitcoin, ethereum, and indices
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The (EURUSD) managed to shrink its losses on its last intraday trading, after gaining positive momentum in a bearish trading due to the stability of the resistance at 1.1670, succeeded in offloading its clear overbought condition on the (RSI), amid the dominance of minor bullish wave strongly on the short-term basis.
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Forecast update for Ethereum -07-08-2025
The price of (ETHUSD) extended its gains in its last intraday trading, affected by breaching bearish correctional trend line on the short-term basis, taking advantage of the dynamic support that is represented in its trading above EMA50, keeping the stability of the bullish track in the last period, especially with the emergence of the positive signals on the (RSI), despite reaching overbought levels.
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Forecast update for Bitcoin -07-08-2025
The price of (BTCUSD) soars high in its last intraday trading, where it managed to surpass the negative pressure of the EMA50, opening the way for achieving these strong gains, after its success in offloading its clear overbought conditions on the (RSI), with the emergence of positive overlapping signals on the short-term basis and its trading alongside a supportive bias line for the track.
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Forecast update for Brent crude oil -07-08-2025
The price of (Brent) declined in its last intraday trading, due to the stability of the significant resistance levels at $67.50, where this level protect the price on the intraday levels, attempting to offload its clear oversold conditions on the (RSI), especially with the emergence of the positive signals, on the other hand, it remains affected by breaking a bullish trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below its EMA50, which makes us rule out any attempt to recover on the near-term basis.
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