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Evening update for EURUSD-29-05-2026

Economies.com
2026-05-29 16:38PM UTC

 

The EURUSD pair rose during its latest intraday trading, breaching the key resistance level at 1.1660, supported by its trading above EMA50, and the dominance of minor bullish wave on the short-term basis, after offloading some of its overbought conditions on the relative strength indicators, opening the way for extending its gains in the upcoming near period.

 

 

Forecast update for Ethereum -29-05-2026

Economies.com
2026-05-29 12:19PM UTC

Ethereum price (ETHUSD) declined during its recent intraday trading, amid the dominance of the main bearish trend, moving alongside a minor supportive trendline for this downward path, with the continuation of the negative pressure from trading below its EMA50, which reduces the chances of a full recovery in the near term, especially as a negative crossover has started to appear on the relative strength indicators after reaching heavily overbought levels. This increases the downside pressure surrounding the price in the coming period.

 

 

Forecast update for Brent -29-05-2026

Economies.com
2026-05-29 12:04PM UTC

 

Brent crude oil price continued to decline during its recent intraday trading, approaching our target support level at $90.00, amid the negative pressure from trading below its EMA50, which reinforces the dominance and stability of the short-term corrective bearish trend.

 

On the other hand, we notice the beginning of a positive crossover on the relative strength indicators after reaching deeply oversold levels. This may temporarily limit further losses as the market needs to relieve some of this oversold pressure before resuming its downward movement.

 

 

Forecast update for Bitcoin -29-05-2026

Economies.com
2026-05-29 12:01PM UTC

Bitcoin price (BTCUSD) declined during its recent intraday trading, amid the dominance of a short-term corrective bearish trend, facing negative pressure from trading below its EMA50, adding further downside pressure to the price, especially as a negative crossover has started to appear on the relative strength indicators after reaching heavily overbought levels that were excessive compared to the price movement. This increases the likelihood of deeper losses for the digital currency in the near term.