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EURUSD price is rising, affected by key support- Analysis-04-02-2026

Economies.com
2026-02-04 02:24AM UTC

The (EURUSD) price rose in its last intraday trading, leaning on 1.1800 key support, gaining bullish momentum, supported by the positive signals from relative strength indicators, indicating an attempt to take a breather and recover some of its previous losses.

 

This rise still lacks sufficient strength, amid ongoing negative pressure, due to trading below EMA50, which forms a dynamic resistance that limits the chances of sustainable recovery, accompanied by the dominance of steep bearish corrective wave on the short-term basis, keeping the cautious scenario valid over the near term.

 

 

Evening update for Bitcoin -03-02-2026

Economies.com
2026-02-03 15:37PM UTC

The (BTCUSD) price rose cautiously in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on short-term basis, especially with its trading alongside supportive trend line for this path, besides the emergence of the negative signals from relative strength indicators after reaching overbought levels.

 

 

 

Evening update for crude oil -03-02-2026

Economies.com
2026-02-03 15:35PM UTC

The (crude oil) price reinforced its gains in its last intraday trading, supported by the emergence of positive signals from relative strength indicators, under the dominance of the bullish trend on short-term basis and its trading alongside supportive trend line for this trend, to surpass the negative pressure of EMA50, reinforcing the chances of extending gains on near-term basis.

 

 

Evening update for gold -03-02-2026

Economies.com
2026-02-03 15:33PM UTC

Gold price keeps its early gains for today, retesting a previously broken bullish trend line on short-term basis, amid the continuation of the negative pressure due to its trading below EMA0, reducing the chances of the price recovery on near-term basis, especially with the emergence of negative overlapping signals on relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move.