Forecast update for EURUSD -03-08-2026

Ethereum (ETHUSD) declined during its latest intraday trading after encountering resistance at its EMA50, exposing the price to negative pressure and forcing to rebound, affected by a break below a major short-term ascending trendline, while a bearish divergence has begun to form on the relative strength indicators after the indicator reached deeply overbought levels, excessively compared with the price action, accompanied by negative signals from the indicator, intensifying the negative pressure on the price.

Brent crude oil slipped lower during its latest intraday trading, breaking below the $84.00 support level, which was the price target highlighted in our previous analysis. This decline comes amid negative signals emerging from the relative strength indicators after the indicator reached deeply overbought territory, affected by a break below a short-term ascending trendline, in addition to continued negative pressure resulting from trading below EMA50, signaling the potential for deeper losses in the near term.

The USDCHF pair rose during its latest intraday trading, attempting to recover part of its previous losses while also trying to alleviate some of its clearly oversold conditions on the relative strength indicators, particularly as positive signals begin to emerge from the indicator.