Evening update for EURUSD-07-08-2026

(ETHUSD) rose in its last intraday trading, to begin its recovery, amid the continuation of the positive pressure that comes from its trading above EMA50, which represents dynamic support that reinforces the dominance of the main bullish trend on the short-term basis, especially with its trading alongside supportive trend line for this path, noticing the emergence of positive signals from the relative strength indicators, after offloading its overbought conditions, opening the way for extending these gains on the near-term basis.

Brent crude oil declined in its latest intraday trading, reaching EMA50’s resistance, forming negative divergence on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price movement, with the emergence of the negative signals from them, intensifying the negative pressure on the price, suggesting more downside moves in the near upcoming period.

Bitcoin (BTCUSD) rose in its last intraday trading, attacking the key resistance level at $65,000, supported by the emergence of the positive signals from the relative strength indicators, after forming positive divergence that reinforces this rise, amid the continuation of the positive pressure due to its trading above EMA50, affected by exiting a bearish corrective channel’s range that limited its previous trading on the short-term basis.