Evening update for EURUSD -23-05-2025

The price of (ETHUSD) declined in its recent intraday trading, affected by the critical resistance level at 2,730, attempting to gain positive momentum and offloading its clear overbought condition on the (RSI), especially with the emergence of the negative signals on them, amid the continuation of the positive pressure due to its trading above its EMA50.

The price of (BTCUSD) moves in a limited range in sideways trading, amid the emergence of the negative signals on the (RSI), after reaching overbought levels, opening the way towards achieving new rises, amid the dominance of the main bullish trend and its trading alongside a minor bias line on a short-term basis.

The price of (Brent) rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), attempting to offload its oversold levels that was clear previously, with the continuation of the negative pressure due to its trading below its EMA50, affected by breaking a bullish correctional bias on the short-term basis.